Rosiland, Inc. purchases 8,000 shares of its previously issued $4.00 par value common stock for $360.00 per share. Which of the following is the correct journal entry to record this transaction? OA. Debit Cash $2,848,000, and credit Treasury Stock-Common $2,848,000 OB. Debit Common Stock-$4.00 Par Value $2.880,000, and credit Cash $2,880,000 OC. Debit Cash $2,848.000, and credit Paid-In Capital in Excess of Par-Common $2,848,000 OD. Debit Treasury Stock-Common $2,880,000, and credit Cash $2.880,000