Your Company has 1,000 shares of its own $6 par value common stock properly classified as treasury stock. The treasury stock was purchased for $10 per share. What is the entry to Paid in Capital, Treasury Stock when the companys reissue of 350 shares of this treasury stock for $8 per share?

Group of answer choices

$2,100 credit

$ 700 credit

$ 700 debit

$1,400 credit

$1,400 debit