Bison Corp. purchased 25,000 shares of its $2 par common stock at a cost of $12 per share on April 30, 2012. The stock was originally issued at $10 per share. The entry to record the purchase of the stock should include a debit to:

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When a company purchases its own stock, it is considered treasury stock. Therefore, the entry to record the purchase should include a debit to Treasury Stock for the cost of the shares purchased, which in this case is $300,000 (25,000 shares x $12 per share).