The entry to record the retirement of treasury stock will include a debit to Common Stock for the par value of the retired shares.

Name: The entry to record the retirement of treasury stock will include a debit to Common Stock for the par value of the retired shares.
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When treasury stock is retired, the company debits Common Stock for the par value of the retired shares to remove them from the issued stock category, reflecting that these shares are no longer available for corporate use or reissue.

The Entry to Record the Retirement of Treasury Stock Will