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  3. prior to june 30 , a company has never had any tre

Prior to June 30 , a company has never had any treasury stock transactions. The...

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Accounting

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Prior to June 30 , a company has never had any treasury stock transactions. The company repurchased 100 shares of its $1 par common stock on June 30 for $40 per share. On July 20 , it reissued 50 of these shares at $46 per share. On August 1, it reissued 20 of the shares at $38 per share. What is the journal entry necessary to record the reissuance of treasury stock on July 20 ? Multiple Choice Debit Common Stock $2,300; credt Cosh $2,300 Debit Common Stock $20, debit Treasury \$tock $2,280, creoit Cosh $2,300 Debr Common \$tock \$2,300, credit Treasury Stock \$2,000, credit Paid-In Copitol, Treasury Stock $300 Multiple Choice Debir Common Stock \$2,300; credit Cosh \$2,300. Debit Common Stock \$20, debit Treosury Stock \$2.280; credit Cash \$2,300. Debit Common Stock $2,300, credit Treasury Stock $2000, credit Paid-In Copitol, Treasury Stock $300 Debit Cash $2,300, credit Paid-in Copital, Treosury Stock $300; credit Treasury Stock $2,000 Debit Cosh $2,300; crdit Treosury Srock $2,300

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