Question 4 Sunland Company originally issued 3700 shares of $10 par value common stock for $129500 ($35 per share). Surland subsequently purchases 370 shares of treasury stock for $26 per share and resells the 370 shares of treasury stock for 3 pershare. In the entry to record the sale of the treasury stock, there will be debit to Paldin Capital in Excess of Par of $12950 Great to Treasury Sock for 13700 credit to Com Stock for $9620. credit to Paid In Capital from Treasury stock for $1850