QUESTION $7$

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

B$)$

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