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Richard Company paid 46,000 to buy 8,000 shares of its 6 par value ordinary shares for distribution in an executive compensation plan. The stock was

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Richard Company paid 46,000 to buy 8,000 shares of its 6 par value ordinary shares for distribution in an executive compensation plan. The stock was originally sold for 50,000. The entry to record purchase includes a Select one: a. debit to Treasury Shares for f46,000. b. credit to Share Capital-Ordinary for 48,000 O c. debit to Share Premium-Ordinary for f4,000. O d. credit to Retained Earnings for 6,000

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