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Which the entry to record the transaction will include a

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problem 1: Ten thousand shares of treasury stock of E. Marcos, Inc., previously acquired at $14 per share, are sold at $20 per share. The entry to record this transaction will include a

Option 1: debit to Paid-In Capital from Treasury Stock for $60,000

Option 2: credit to Paid-In Capital from Treasury Stock for $60,000

Option 3: credit to Treasury Stock for $200,000

Option 4: debit to Treasury Stock for $140,000

Reference no: EM132797237

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