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Quill Corporation paid $28 per share to purchase 900 shares of its corririon stock as treasury stock. The stock was originally issued at $12 per
Quill Corporation paid $28 per share to purchase 900 shares of its corririon stock as treasury stock. The stock was originally issued at $12 per share. Which of the following would be the journal entry that Quill would make to record the purchase of the treasury stock? OA. Journal Entry Accounts Date Credit Debit 25,200 Treasury Stock Cash 25,200 . Journal Entry Accounts Date Deblt Credit 10,800 Treasury Stock Retained Earnings Cash 14,400 25,200 Oc. Journal Entry Accounts Date Debit Credit Common Stock 25,200 Cash 25,200 OD Date Credit Journal Entry Accounts Treasury Stock Paid-in Capital in Excess of Par Debit 10,800 14,400 Cash 25,200
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