Prior to September 30, a company has never had any treasury stock transactions. A company repurchased 1,000 shares of its $2 par common stock on September 30 for $20 per share. On October 2, it reissued 400 of these shares at $21 per share. On October 12, it reissued the remaining 600 shares at $19 per share. The journal entry to record the reissuance of the shares on October 2 would be:

Multiple Choice

• Debit Cash, $8,400; Credit Treasury Stock, $8,400.

• Debit Cash, $8,400; Credit Paid-in Capital, Treasury Stock, $8,400.

• Debit Cash, $8,400; Credit Treasury Stock, $8,000; Credit Paid-in Capital, Treasury Stock, $400.

• Debit Cash, $8,400, Credit Treasury Stock, $8,000, Credit Paid-in Capital in Excess of Par Value, Common Stock, $400.

• Debit Cash, $8,400; Credit Treasury Stock, $800; Credit Paid-in Capital, Treasury Stock, $7,600.