Smokin' Joe Inc. acquired 1,000 shares of its common stock at $3 per share. The par value of the stock was $2. What is the entry to record this transaction? Select one: O a. Dr. Treasury Stock $3,000. Cr. Cash $3,000 b. Dr. Treasury Stock $2,000. Cr. Cash $2,000 C. Dr. Common Stock $3,000. Cr. Cash $3,000 d. Dr. Treasury Stock $3,000. Cr. Cash $2,000. Cr. Paid-in capital in Excess of Par $1,000 Which of the following is a true statement regarding Treasury Stock? Select one: O a. Treasury stock is recorded at the price paid to acquire the stock (Cost) b. When a corporation acquires Treasury Stock the number of shares outstanding decreases. c. Treasury stock reduces total stockholder's equity O d. All of the statements are true