On January 1,2010,Belmont Corporation Had 50,000 Shares of $10 Par $\begin{array}{l}\text { Cash } & 36,000\\\text { Treasury Stock-Common }&& 36,000\end{array}$

On January 1,2010,Belmont Corporation had 50,000 shares of $10 par value common stock issued and outstanding.All 50,000 shares had been issued in a prior period at $15 per share.On February 1,2010,Belmont purchased 2,000 shares of treasury stock for $18 per share and later sold the treasury shares for $20 per share on March 2,2010.The entry to record the purchase of the treasury shares on February 1,2010,would be:

A)
$\begin{array}{l}\text { Cash } & 36,000\\\text { Treasury Stock-Common }&& 36,000\end{array}$
B)
$\begin{array}{l}\text { Cash }&36,000\\\text { Treasury Stock-Common } & &30,000 \\\text { Gain on Treasury Stock-Common } && 6,000\end{array}$
C)
$\begin{array}{l}\text { Treasury Stock-Common}&30,000\\\text {Loss on Treasury Stock-Common } &6,000 \\\text { Cash } && 36,000\end{array}$

D)
$\begin{array}{llr} \text { Treasury Stock, Common} &36,000\\ \text { Cash } &&36,000\\\end{array}$