Question:XYZ, Inc sells 100 shares of $5 par value treasury stock at $13 per share. If the cost of acquiring the shares was $10 per share, the entry for the sales should include credits to: 

A Treasury Stock $1000 and Paid-in Capital from Treasury Stock $300. 
B Treasury Stock $500 and Paid-in Capital from Treasury Stock $800. 
C Treasury Stock $1000 and Retained Earning $300. 
D Treasury Stock $500 and Paid-in Capital in Excess of Par Value $800. 

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A 

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Md. Saydul Alam

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