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In year 1, Clark purchased 1,000 shares of treasury stock for $10 per share. In...

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Accounting

In year 1, Clark purchased 1,000 shares of treasury stock for $10 per share. In year 2, Clark reissued 200 shares of treasury stock for $14 per share. The journal entry to record the transaction in year 2 will include a credit to

(A) treasury stock for $2,000.

(B) treasury stock for $2,800.

(C) common stock for $2,000.

(D) retained earnings for $800.

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