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What account and amount would debit

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Question 1: Our company originally issued 1,000 shares of $1 par value common stock for $9 per share. We repurchased 200 shares of the stock as treasury stock for $10 per share. On September 5, we sold 100 shares of treasury stock for $12 per share. What account(s) and amount(s) would we debit when we record the journal entry for the September 5 transaction?

Group of answer choices

Option 1: cash, $1,200

Option 2: treasury stock, $1,000; and paid in capital from treasury stock, $200

Option 3: treasury stock, $1,000

Option 4: cash, $1,000

Reference no: EM132489177

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