Prior to June 30, a company has never had any treasury stock transactions. The company repurchased 135 shares of its $1 par common stock on June 30 for $40 per share. On July 20, it reissued 65 of these shares at $44 per share. On August 1, it reissued 40 of the shares at $38 per share. What is the journal entry necessary to record the reissuance of treasury stock on July 20? Multiple Choice Debit Common Stock $2,860; credit Cash $2,860. Debit Common Stock $40; debit Treasury Stock $2,820; credit Cash $2,860. Debit Common Stock $2,860; credit Treasury Stock $2,600; credit Paid-In Capital, Treasury Stock $260. Debit Cash $2,860; credit Paid-in Capital, Treasury Stock $260; credit Treasury Stock $2,600. O Debit Cash $2,860; credit Treasury Stock $2,860