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Question 20 2 pts On October 1, Cakes Incorporated purchased 10,000 shares of its common stock paying $10 per share. What is the journal
Question 20 2 pts On October 1, Cakes Incorporated purchased 10,000 shares of its common stock paying $10 per share. What is the journal entry to record the repurchase of common stock on October 1? Dr Cash 100,000; Cr Common Stock 100,000 Dr Treasury Stock 100,000; Cr Cash 100,000 Dr Common Stock 100,000; Cr Cash 100,000 Dr Cash 100,000; Cr Treasury Stock 100,000 D
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