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Savest Llewelyn Company purchased 4,800 shares of its own $9 par value common stock when the market price of the stock was $21 per share.

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Savest Llewelyn Company purchased 4,800 shares of its own $9 par value common stock when the market price of the stock was $21 per share. Which of the following journal entries would be used to record the purchase of treasury stock? 29 Multiple Choice Account Title Treasury stock Paid-in capital in excess of par - Common Debit 43,200 'Credit 43,200 Account Titte Credit Treasury Stock Cash Debit 100,00 100,000 Account Title Treasury Stock Cowon stock Pald-in capital in excess of nar - Con Det 100.000 Credit 4). 57,600 ACCOUNT TE C Treasury stoc Paid- para incor - Con Det 100.00 Credit 3.00

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