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What amount would debit when record the journal entry

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Reference no: EM132932143

Problem 1: On September 12, our company purchased 2,000 shares of the company's $1 par value common stock as treasury stock, paying $9 cash. What account(s) and amount(s) would we debit when we record the journal entry for this transaction?

Group of answer choices

Option 1: cash, $2,000

Option 2: common stock, $18,000

Option 3: treasury stock, $18,000

Option 4: treasury stock, $2,000

Reference no: EM132932143

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