Question: On September 1 4 , 2 0 2 1 , Grouper Company reacquired 1 5 4 0 0 shares of its $ 1 par value

On September 14,2021, Grouper Company reacquired 15400 shares of its $1 par value common stock for $41 per share. Grouper uses the cost method to account for treasury stock. The journal entry to record the reacquisition of the stock should debit
Treasury Stock for $30800.
Common Stock for $30800 and Paid-in Capital in Excess of Par for $600600.
Treasury Stock for $631400.
Common Stock for $631400.
On September 14,2021, Grouper Company reacquired 15400 shares of its $1

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