___ 4 Deeper Company Paid $42,000 to Buy 4,000 Shares of of Its

Multiple Choice

___ 4. Deeper Company paid $42,000 to buy 4,000 shares of its $6 par value common stock for the treasury. The stock was originally issued for $50,000. The entry to record the purchase includes a:

A) debit to Treasury Stock for $42,000.
B) credit to Treasury Stock for $50,000.
C) debit to Treasury Stock for $50,000.
D) credit to Common Stock for $42,000.