> A Moving to another question will save this response. uestion 21 The original sale of the $50 par value common shares of Gray Company was recorded as follows: Cash............. 290,000 Common Stock........ 250,000 Paid-in Capital in Excess of Par........... 40,000 Instructions Record the treasury stock transactions (given below) under the cost method: Transactions: (a) Bought 600 shares of common stock as treasury shares at $62. (b) Sold 180 shares of treasury stock at $60. Sold 90 treasury shares at $68. Arial 3 (12pt) T