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

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Accounting

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Prior to June 30, a company has never had any treasury stock transactions. A 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, credit Cash $2,300. Debit Common Stock $20; debit Treasury Stock $2,290; credit Cash $2,300. Debit Common Stock $2,300, credit Treasury Stock $2,000, credit Paid-In Capital, Treasury Stock $300. Debit Cash $2,300, credit Paid-in Capital, Treasury Stock $300; credit Treasury Stock $2,000 Debit Cash $2,300, credit Treasury Stock $2,300

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