What is the reason why Treasury Stock is in Credit Account, not Debit? Is it because it's "re-issued"?

Is treasury stock calculated from #shares x $common stock (PER)?

Is APIC calculated from # shares x $PAR?

(In general can APIC be in either debit or credit account?)

Is Cash here calculated as $35(PER) x #shares because it said: "reissues ALL treasurt stock"?

PLEASE answer and explain my questions as well. Thank you!

30. Comford Corporation reacquired 11,000 shares of its own $10 par value common stock for $25 per share. If it reissues all the treasury stock for $35 per share, the entry to record the reissue would be a. Cash $385,000 Treasury stock $275,000 Paid-in capital from treasury stock transactions 110,000 b. Cash $385,000 Common stock $385,000 c. Cash $385,000 Common stock $110,000 Paid-in capital in excess of par 275,000 d. Cash $385,000 Treasury stock $385,000 e. Cash $385,000 Gain on sale of Treasury stock (on income statement) $110,000 Treasury stock 275,000