Five Thousand Shares of Treasury Stock of Meyer, Inc

Multiple Choice

Five thousand shares of treasury stock of Meyer, Inc., previously acquired at $12 per share, are sold at $18 per share. The entry to record this transaction will include a

A) credit to Treasury Stock for $90,000.
B) debit to Paid-In Capital from Treasury Stock for $30,000.
C) debit to Treasury Stock for $60,000.
D) credit to Paid-In Capital from Treasury Stock for $30,000.