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The shareholders' equity section of Winters Company contained the following balances as of December 31, 2017 Preferred stock (8%, 515 par value, cumulative) . $2700
The shareholders' equity section of Winters Company contained the following balances as of December 31, 2017 Preferred stock (8%, 515 par value, cumulative) . $2700 Preferred stock (14%, $10 par value, noncumulative) 2300 Common stock ($1 par value, 5000 shares authorized, 3200 issued and 380 held in treasury) 3200 Additional pald-in capital: Preferred stock (8%) Preferred stock (14%) Common stock Retained earnings Less: Treasury stock $11582 Total shareholders' equity During 2018, Winters entered into the following transaction: 13, the company repurchased 65 shares of its common stock in the open market at 25 per share. Which of the following would be included in the journal entry for May 137 18 11 (5800) o a debit to Cash for $1625. a credit to Common Stock for $1625. a debit to Common Stock for $1625. a debit to Treasury Stock for $1625
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