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Bevins Company issued 10,000 shares of $20 par value common stock at $24 per share....

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Accounting

Bevins Company issued 10,000 shares of $20 par value common stock at $24 per share. Bevins reacquired 1,000 shares of its own stock at a cost of $30 per share. The entry to record the reacquisition is: (A) Premium on Treasury Stock (-SE) 10,000 Treasury Stock (-SE) 20,000 Cash (-A) 30,000 (B) Premium on Treasury Stock (-SE) 6,000 Treasury Stock (-SE) 24,000 Cash (-A) 30,000 (C) Treasury Stock (-SE) 30,000 Cash (-A) 30,000 (D) Treasury Stock (-SE) 20,000 Paid-In Capital - Treasury Stock Transactions (-SE) 10,000 Cash (-A) 30,000

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