Ross Corporation Reported the Following Which of the Following Is Included in the Entry to r

Ross Corporation reported the following: $$\begin{array} { | l | r | } \hline \text { Common Stock, } \$ 5 \text { par, } 206,000 \text { shares authorized, } 165,000 \text { shares issued } & \$ 825,000 \\\hline \text { Paid in Capital in Excess of Par - Common } & 214,000 \\\hline \text { Retained Earnings } & 222,000 \\\hline \text { Total Stockholders' Equity } & \$ 1,261,000 \\\hline\end{array}$$ Which of the following is included in the entry to record the corporation's purchase of 40,000 shares of its common stock for $10.00 per share?

A) Treasury Stock-Common is debited for $400,000.
B) Paid-In Capital From Treasury Stock Transactions is credited for -$25,000.
C) Retained Earnings is debited for $400,000.
D) Common Stock-$5 Par Value is credited for $200,000.