pled: CONNECT EXAM #2 (CH 11, APX.C) Saved Help Save & Exit Prior to June 30, a company has never had any treasury stock transactions. A company repurchased 100 shares of its $1 par common stock on June 30 for $40 per share. On July 20, it reissued 50 of these shares at $46 per share. What is the journal entry necessary to record the reissuance of treasury stock on July 20? Multiple Choice Debit Common Stock $2,300; credit Cash $2,300. O Debit Common Stock $20; debit Treasury Stock $2,290; credit Cash $2,300. O Debit Common Stock $2,300; credit Treasury Stock $2,000; credit Paid-In Capital, Treasury Stock $300. O Debit Cash $2,300; credit Paid-in Capital, Treasury Stock $300; credit Treasury Stock $2,000