A Company Sold 10,000 Shares of Its Own $1 Par

Multiple Choice

A company sold 10,000 shares of its own $1 par value common stock for $60,000.The entry to record the sale would include a

A) debit to treasury stock for $60,000.
B) debit to contributed capital for $10,000.
C) credit to common stock,$1 par value for $10,000..
D) credit to common stock,$1 par value for $60,000.