Warhol Company has $2,000$ shares of $$0\mathrm{.}50$ par value common shares authorized. On March $1,$ Warhol sold $1,650$ shares for $$10$ per share. On May $1$ of the sam

year, Warhol reacquired $605$ of those shares for $$11$ each. Over the next several months, the market price of the shares increased and Warhol Company reissued

$205$ shares at $$15$ per shares. By December $1,$ the company reissued the remaining $400$ shares. At that time, the market price of the shares had fallen to $$9$ per

share. What is the entry the company would make on December $1$ st to record the reissue of $400$ shares of treasury stock?

Cash

$3,600$

Capital in Excess of Cost $-$ Treasury Stock

Treasury Stock

$4,400$

Cash

Capital in Excess of Cost $-$ Treasury Stock

Retained Earnings

$3,600$

$400$

$400$

Treasury Stock

Cash

$3,600$

Treasury Stock $,3,600$

Treasury Stock

$3,600$

Cash