Answer:
D. APIC $180,000; R/E $100,000
Explanation:
Treasury stock is the share of the company issued earlier and bought-back. It can be reissued and cancelled by the company.
Journal Entry for Reacquirement of shares
Dr. Treasury Stcok (2,000 x $150 ) $300,000
Cr. Cash $300,000
Cancellation of Treasury shares
Dr. Common Shares ( 2,000 x $10 ) $20,000
Dr. APIC -Common share (2,000 (100-10)) $180,000
Dr. Retained Earning $100,000
Cr. Treasury Stock $300,000
