What is the correct journal entry for the following transaction? Airline Express acquired 290 shares of its own $8 par common stock for $21. O Debit Treasury Stock-Common for $2.320 and credit Cash for $2.320 O Debit Treasury Stock-Common for $6,090 and credit Cash for $6,090 O Debit Cash for $2.320 and credit Treasury Stock-Common for $2,320 Debit Cash for $6,090 and credit Treasury Stock-Common for $6,090 Question 6 2 pts In the closing process for corporations, net income is closed to the retained earnings account. True False