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San Antonio Corporation purchased 300 shares of its own $40 par value commo stock for $30,000. Later, these shares are sold for $32,000 cash. The
San Antonio Corporation purchased 300 shares of its own $40 par value commo stock for $30,000. Later, these shares are sold for $32,000 cash. The journal entry to record the sale includes a: O $32,000 credit to Treasury stock $2,000 credit to Paid-in Capital from Treasury Stock $19,200 credit to Paid-in Capital from Treasury Stock O $2,000 credit to Gain on Sale of Treasury Stock
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