Troy Corporation issued 50,000 shares of $1 par common stock at a price of $5 per share. On June 1, Troy purchased 2,000 shares of its own stock at a cost of $7 per share. On December 1, Troy resold all the shares for $8 each. The entry on December 1 would include which of these?
A.
Credit to Paid-in Capital from Treasury Stock Transactions, $2,000
B.
Credit to Treasury Stock, $14,000
C.
Gain on the Sale of Treasury Stock, $2,000