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Which of the following is the correct journal entry to record the transaction? est. Week Elght: Chapter 12 Exarn 1 pt 8 of 20 (3

Which of the following is the correct journal entry to record the transaction? image text in transcribed
est. Week Elght: Chapter 12 Exarn 1 pt 8 of 20 (3 A. Debit Cash $10,528,000, and credit Paid-in Capital in Excess of Par-Common $10 B. Debit Cash $10,528,000, and credit Treasury Stock-Common $10,528,000 O C. Debit Treasury Stock-Common $10,560,000, and credit Cash $10.560,000 0 D. Debit Common Stock-$2 Par Value $10,560,000, and credit Cash $10,500.000

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