Question 7\ 5 pts\ X Company buys back 100 shares of common stock when the market price is

$10

. The journal entry to record this transaction will include:\ Debit to Retained Earnings for

$200

.\ Debit to Cash for

$1,000

.\ Credit to Treasury Stock for

$200

.\ Debit to Treasury Stock for

$1,000

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Question 7 X Company buys back 100 shares of common stock when the market price is $10. The journal entry to record this transaction will include: 1. Debit to Retained Earnings for $200. 2. Debit to Cash for $1,000. 3. Credit to Treasury Stock for $200. 4. Debit to Treasury Stock for $1,000 01 02 04 5 pts