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  3. a. a debit to additional paid-in capital-treasury

A. A debit to Additional paid-in capital-treasury stock of $200,000 ...

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Question

Accounting

A.

A debit to Additional paid-in capital-treasury stock of $200,000

B.

A credit to Cash of $700,000
C.

A credit to Common stock of $700,000
D.

A credit to Additional paid-in capital-treasury stock of $100,000
E.

A debit to Treasury stock of $600,000

On June 1, 2012, Rob Co. reacquired 75,000 shares of its own $10 par common stock at $12 per share. On December 8, 2016, Rob reissued 50,000 of their treasury shares for $700,000. The journal entry to record the reissuance of the treasury shares includes:

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