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Five years ago, Dunn Trading Co

Accounting

Share With

Five years ago, Dunn Trading Co. issued 2,500 ordinary shares. The

shares have a 2 par value and sold at that time for 12 per share. On January 1, 2019, Dunn Trading Co. Purchased 1,000 of these shares for 24 per share. On September 30, 2019, Dunn reissued 500 of the shares for 28 per share. The journal entry to record the reissuance will include
 
Group of answer choices




c. A credit to Treasury Shares 14,000.


d. A credit to cash 14,000.


b. A credit to Share Premium—Treasury 2,000


a. A debit to Treasury Shares 12,000.