QUESTION $35$

A corporation originally issued $$10$ par value common stock for $$13$ per share. It purchased $2,100$ shares of its$)$ own stock for $$18$ per share. Which of the following would be the journal entry for the sale of $15$ shares of treasury stock for $$10$ per share? Assume the Paid$-$in Capital from Treasury Stock Transactions has a credit balance of $$20.$

$\backslash$table$[[$Treasury Stock $-$ Common,$4,050,],[$Paid$-$in Capital from Treasury Stock Transactions,,$810],[$Cash$,,3,240]]$

B$)$

$\backslash$table$[[$Cash$,3,240,],[$Paid$-$in Capital from Treasury Stock Transactions,$810,],[$Treasury Stock $-$ Common,,$4,050],[$Cash$,3,240,],[$Paid$-$in Capital from Treasury Stock Transactions,$300,],[$Retained Earmings,$510,],[$Treasury Stock $-$ Common,,$4,050]]$

$\backslash$table$[[$Cash$,3,240,],[$Retained Earnings,$810,],[$Treasury Stock $-$ Common,,$4,050]]$