Ladder Distributors The Stockholders' Equity Section of the December 31, 2019, Balance

Short Answer

Ladder Distributors
The stockholders' equity section of the December 31, 2019, balance sheet is provided below:
Assume that all of the 20,000 shares of stock that was issued as of December 31, 2019, was issued for $42 per share. On March 1, 2020, the company reacquired 4,000 shares of its common stock for $50 per share.
-Refer to Ladder Distributors. Suppose the company reissued 1,000 shares of its treasury stock on June 1, 2020, for $39 each. Which of the following is true regarding the entry required to record this transaction?
a.A debit to treasury stock is required for $50,000.
b.A credit to treasury stock is required for $39,000.
c.A debit to retained earnings is required for $11,000.
d.A debit to paid-in capital from treasury stock transactions is required for $3,000.