Question: how instructions 2 pts Question 8 On March 1, 2020, Johnson Company reacquired 4,000 shares of its common stock for $50 per share. if the

how instructions 2 pts Question 8 On March 1, 2020, Johnson Company reacquired 4,000 shares of its common stock for $50 per share. if the company reissued 1,000 of these shares on June 1, 2020 for $39 each, which of the following is true regarding the entry on June 1 to record this transaction? Adebit to treasury stock is required for $50,000 adebit to paid-in capital from treasury stock transactions is required for $3,000 Acredit to treasury stock is required for $39,000 A debit to retained earnings is required for $11,000 and op honorock.com is sharing your screen. 26 Stop sharing

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