Prior to May 1. Fortune Company has never had any treasury stock transactions. The company repurchased 160 shares of its common stock on May 1 for $8,000. On July 1 , it reissued 80 of these shares at $52 per share. On August 1 , it reissued the remaining treasury shares at $47 per share. The journal entry to record the reisusance of the shares on August 1 would include: Multiple Choice Debit Paid-in-capital treasury stock 240 Credit Paid-in-capital treasury stock 240 Credit Treasury Stock 3,760 Debit Retained Earnings 80