Question 13 What is the journal entry to record the purchase of the 1000 shares of treasury stock for 40000 cash? A. Dr. Treasury Stock-- Common 40000. Cr. Cash 40000 B. Dr. Cash 40000 Cr. Treasury Stock-- Common 40000. C. Dr. Cash 40000; Cr. Common Stock 40000. D. Dr. Common Stock 40000; Cr. Cash 40000 E. None of the above Question 14 5 points Save Answer PARTNERSHIP INCOME DISTRIBUTION: For partnership C, if the remainder of the partnership's net income is 150,000 and there are three partners among whom the remainder is divided equally, how much is each partner's share of the reminder? A. 50,000 B. 40,000 A. 30,000 B. 20,000 C. None of the above