Use the following information to answer the next 2 clues. On January 1, a company issued 500,000 of $1 par common shares of $10 each. Assume an existing balance in Paid-in Capital - Share Repurchase of $8,688. On May 1, the company reacquired 25,330 shares as treasury stock by paying $12 per share. On August 1, the company sold 20,000 treasury shares for $9 per share. 40. The journal entry on May 1 will include a debit to Treasury Stock for: 41. The journal entry on August 1 will include a debit to Retained Earnings for: