Delta Corporation acquires 10,000 shares of its own $0.01 par value common stock at $10 per share. It later resells the 10,000 shares of treasury stock for $12. The entry to record this transaction will involve a:
debit to Cash for $100,000, credit to Additional Paid-in Capital for $20,000, credit to Common Stock for $100, credit to Treasury Stock for $120,000.
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