Ross Corporation reported the following:
CommonStock, $5par, 206,000 sharesauthorized, 165,000 shares issued $825,000
Paid in Capital in Excess of Parlong dash-Common 214,000
Retained Earnings 222,000
TotalStockholders' Equity
$1,261,000
Which of the following is included in the entry to record the corporation's purchase of 40,000 shares of its common stock for $10.00 per share?
A. Paid-In Capital From Treasury Stock Transactions is credited for $25,000.
B. Common Stocklong dash-$5 Par Value is credited for $200,000.
C. Treasury Stocklong dash-Common is debited for $400,000.
D. Retained Earnings is debited for $400,000.