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Mber later purchases 100 shares of treasury stock for 17

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Amber Company originally issued 1,000 shares of $10 par value common stock for $20,000 . Amber later purchases 100 shares of treasury stock for $17, and then resells the shares for $19 per share. In the entry to record the sale of the treasury stock, there will be a A.credit to Paid-In Capital from Treasury Stock for $200. B.credit to Treasury Stock for $1,000. C.debit to Paid-In Capital in Excess of Par Value for $2,000. D.credit to Common Stock for $1,700.

Reference no: EM13566299

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