Rondo Auto acquired 3,500 of its own shares at $32 per share. The shares are to be held in Treasury. The par value of Rando Auto's common stock is $2.50 per share ondo Auto were to resell all its treasury stock at $35 per share, what journal entry would Rondo Auto make Your answer: Cash 122,500 Additional Paid-in Capital 112.000 Treasury Stock 10,500 Cash 122,500 0 Additional Paid-in Capital 10.500 Treasury Stock 112.000 Cash 122,500 Treasury Stock 212.000 Gain on Sale of Treasury Stock 10.500 Cash 122.500 Additional Padin Capital 101.250 Treasury Stock 8.750 Gas on Sale of Treasury Stock 10,500