Q10-54. A company paid $26 per share to purchase 500 shares of its common stock as treasury stock. The stock was originally issued at $10 per share. Which of the following is the journal entry to record the purchase of the treasury stock? 1 a. Treasury Stock 5,000 Paid-in Capital in Excess of Par 8 13,000 5 b. Common Stock 13,000 Cash 13,000 8 Treasury Stock 13,000 Cash 13,000 10 11 d. Treasury Stock 12 Retained Earnings 1 5,000 8,000 14 13,000