Question 39 2 point JOURNAL ENTRIES: Company X purchases 1,000 shares of its own $10 par value common stock for $60,000 What is the journal entry to record the purchase of the 1000 shares of treasury stock? a. Dr. Cash 60,000; Cr. Treasury Stock 60,000 b. Dr. Treasury Stock 60,000; Cr. Cash 60,000 C. Dr. Cash 40,000; Cr. Treasury Stock 40,000 d. Dr. Treasury Stock 40,000; Cr. Cash 40,000 e. None of the above 118 LU Text que IIS dllsvel. Question 40 STATEMENT OF CASH FLOW: In the statement of cash flows, in which section is the cash received from borrowing money reported? a. Operating Activities b. Investing Activities c. Financing Activities d. Schedule of Noncash Transactions e. None of the above