QUESTION 11 On January 1, 20xx, Swenson Corporation had 40,000 shares of $10 par value common stock issued and outstanding. All 40,000 shares had been issued in a prior period at $20.00 per share. On February 1, 20xx, Swenson purchased 3,000 shares of treasury stock for $21 per share and later sold the treasury shares for $24 per share on March 1, 20xx. The jounal entry to record the purchase of the treasury shares on February 1,20xx, would includea A. credit to Treasury Stock for $63,000. B. debit to Treasury Stock for $63,000. C. debit to a loss account for $9,000 D.credit to a gain account for $9,000. QUESTION 12 1 points Save Answe A corporation purchased 1,000 shares of its $5 par common stock at $10 and subsequently sold 500 of the shares at $20 What is the amount of revenue realized from the sale? A. $0 B. $5,000 C. $2,500 D.$10,000