Question: Can someone explain how to get the answer providing formulas and calculations? Thank you 50) On February 22, ABC acquired 200 shares of its $5

Can someone explain how to get the answer providing formulas and calculations? Thank you  Can someone explain how to get the answer providing formulas and

50) On February 22, ABC acquired 200 shares of its $5 par value common stock for $25 each. On March 15, the company reissued 70 shares for S30 each. What is true of the entry for reissuing the shares? A) Credit Cash $1,750. B) Credit Treasury Stock $2,100. D) Debit Treasury Stock $1,750. C) Credit Additional Paid in Capital S350

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