Seven Thousand Shares of Treasury Stock of Marker, Inc

Multiple Choice

Seven thousand shares of treasury stock of Marker, Inc., previously acquired at $14 per share, are sold at $20 per share. The entry to record this transaction will include a

A) credit to Treasury Stock for $140,000.
B) debit to Paid-In Capital from Treasury Stock for $42,000.
C) debit to Treasury Stock for $98,000.
D) credit to Paid-In Capital from Treasury Stock for $42,000.