Question: Multiple choice so 1, 2, 3, or 4 D Question 20 5 pts A company buys back 10,000 shares of its $10 Par Value common
Multiple choice so 1, 2, 3, or 4

D Question 20 5 pts A company buys back 10,000 shares of its $10 Par Value common stock for $30 per share. What is the journal entry to record the transaction: 1. Dr Common Stock 300,000 Cr Cash 300,000 2. Dr Common Stock 100,000 Dr Paid in Capital 200,000 Cr Cash 300,000 3. Dr Treasury Stock 300,000 Cr Cash 300,000 4. Dr Treasury Stock 100,000 Dr Paid in Capital Treasury Stock 200,000 Cr Cash 300,000
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