Prior to June 30,a Company Has Never Had Any Treasury

Multiple Choice

Prior to June 30,a company has never had any treasury stock transactions.A company repurchased 100 shares of its common stock on June 30 for $40 per share.On July 20,it reissued 50 of these shares at $46 per share.On August 1,it reissued 20 of the shares at $38 per share.What is the balance in the Treasury Stock account on August 2?

A) $5,050 Debit.
B) $2,600 Credit.
C) $100 Credit.
D) $1,200 Debit.
E) $1,200 Credit.