Which One of the Following Is the Correct Entry to Record

Which one of the following is the correct entry to record the sale of treasury stock?

A) $\begin{array} { l l l } DR &\text { Cash } & 128,000 \\CR & \text { Common stock } & & 128,000 \end{array}$
B) DR $\quad$ Cash $\quad 128,000$
$\quad$ CR Treasury stock $\quad 96,000$
$\quad$ CR Paid in capital in excess of par $\quad$ 32,000
C) $\begin{array}{l}\text { DR }& \text { Cash } &128,000 \\\text { CR } & \text { Treasury stock } & 96,000 \\\text { CR } & \text { Gain on sale of treasury stock } & 32,000\end{array}$
D) $\begin{array} { l l l l l } \text { DR } & & \text { Cash } & 128,000 & \\& \text { CR } & \text { Treasury stock } & 96,000 \\& \text { CR } & \text { Retained earnings } & 32,000\end{array}$