TTSS Corporation had 1,000 common shares issued and outstanding (sold at $40 each) .It then made its first-ever purchase of treasury stock by buying 200 of its own shares for $50 per share.Assume sufficient retained earnings.The entry to record this purchase using the single-transaction method would include:
A) dr.treasury stock $10,000
B) dr.contributed capital from treasury stock transactions $2,000
C) dr.common shares $8,000
D) dr.common shares $10,000
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