The CEO of Ash Inc. exercised 30 stock options. Each stock option gave the CEO the right to

buy one share of common stock for $20 per share. At the time the options were granted, the

aggregate value of the options was $180.

To satisfy the CEO's exercise of the stock options, the Ash Inc. re-issued 30 shares from

Treasury Stock. The treasury stock was repurchased in the prior year for a total of $480.

Record the journal entry for the CEO's exercise of the stock options and the re-issuance of

the Treasury Stock. Check all that apply.

1. Cr. Additional Paid-In Capital - Common --$300
2. Dr. Cash --$180
3. Cr. Additional Paid-In Capital - Stock Options --$180
4. Dr. Additional Paid-In Capital - Stock Options --$180
5. Dr. Treasury Stock --$480
6. Dr. Additional Paid-In Capital - Common --$300
7. Dr. Cash --$600
8. Cr. Treasury Stock --$480