QUESTION 20 1,000 shares of Treasury stock which were purchased at a cost of $3.00 per share, were sold for $3.50 per share. The journal entry to record this transaction would be: a. Cash 3,500 Treasury stock Paid in capital, Treasury stock 3,000 b. Cash 3,000 Treasury stock 3,000 O Cash 3,500 3,500 Treasury stock 3,000 d. Cash 500 Paid in capital, Treasury stock 3,500 Treasury stock