(Solved by Humans)-Gaines originally issued 15,000 shares of $10 par value common
Question
Gaines originally issued 15,000 shares of $10 par value common stock at $15 per share. During the current year, 1,000 of these shares were reacquired for $20 each. 500 treasury shares are subsequently reissued at $25 per share:
| The reissuance entails a credit to Treasury Stock for $2,500. |
| The reissuance entails a credit to Treasury Stock for $5,000. |
| The reissuance entails a credit to Treasury Stock for $10,000. |
| None of these. |
| The reissuance entails a credit to Treasury Stock for $12,500. |
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