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Use the folowing inlormation to answer the quostion below. The lollowing transactions involving Halycon Corporation occurred during the year: Apt. I Purchased 2,000 shares of

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Use the folowing inlormation to answer the quostion below. The lollowing transactions involving Halycon Corporation occurred during the year: Apt. I Purchased 2,000 shares of its own common slock for $20, which was the curront market price. This is the first transaction involving the purchase its own slock engaged in by the company. May 3 Sold 400 of these thares for $25 per share. The entry to record the May 3 rd transaction is: a. debit Cash 10,000 credit Treasury Stock 10,000 b. debin Treasury Stock 10,000 , credt Cash 10.000 c. deoll Cath B.000; debil Paid in Caphal-Treasury Slock 2,000, credi Treasury Stack 10,000 d. debin Cash 10,000, credi Treasury Slock a.000 credit Pald in Captal-Treasury Slock 2,000

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