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Your Company purchased 1,000 shares of its own $2 par value common stock for $20 per share. Your Company then resold 300 shares of the

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Your Company purchased 1,000 shares of its own $2 par value common stock for $20 per share. Your Company then resold 300 shares of the treasury stock for $25 a share. What is the entry to the account "Paid in Capital, Treasury Stock" in the entry that records the resale of the stock? 6. A. $1,500 debit B. $1,500 credit C. $6,000 debit D.$6,000 credit 7. Paying a cash dividend is a/an A. Operating activity B. Investing activity C. Financing activity 8. Stock that was reacquired and is still held by the issuing corporation is called: D. Preferred E. Callable A. Capital B. Treasury C.Redeemed

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