The stockholders' equity section of the December 31, 2009, balance sheet for Bernie's Deli appeared as follows. Common Stock, $30 par, 20,000 $ 600,000 shares issued and outstanding Additional Paid-in Capital -- 240,000 Common Stock Retained Earnings 700,000 Total Stockholders' Equity $1,540,000 Assume that all of the 20,000 shares of Bernie's stock that was issued as of December 31, 2009, was issued for $42 per share. On March 1, 2010, Bernie reacquired 4,000 shares of its common stock for $50 per share. Question 33 (3 points) Refer to the information presented above for Bernie's Deli, Inc. Suppose that Bernie reissued 1,000 shares of its treasury stock on June 1, 2010, for $39 each. Which of the following is true regarding the entry required to record this transaction? A debit to treasury stock is required for $50,000. A credit to treasury stock is required for $39,000. A debit to retained earnings is required for $11,000. A debit to Additional Paid-in Capital, Treasury Stock is required for $3,000. Question 32 (3 points) Refer to the information presented above for Bernie's Deli, Inc. Suppose that Bernie reissued 1,000 shares of its treasury stock on June 1, 2010, for $44 each. Which of the following is true regarding the entry required to record this transaction? A debit to treasury stock is required for $44,000. O A credit to treasury stock is required for $50,000. A credit to retained earnings is required for $6,000. O A debit to Additional Paid-in Capital, Treasury Stock is required for $6,000