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Book Corporation had the following transactions: April 1: Purchased 7,000 shares of its $1 par value common stock paying $9 per share. May 10: Sold 2,000 shares of the stock purchased on April 1 for $9 per share. June 20: Sold 3,000 shares of the stock purchased on April 1 for $14 per share. The journal entry on June 20 includes: A credit to Cash for $27.000 You Answered A credit to Paid-in Capital - Treasury Stock for $42,000 Acredit to Treasury Stock for $42,000 Correct Answer A credit to Paid-In Capital - Treasury Stock for $15,000 Adebit to Treasury Stock for $27,000