Gruber Law Offices paid $54,000 to buy back 9,000 shares of its $1 par value common stock. The stock was sold later at a selling price of $10 per share. The journal entry to record the sale would include a:
A.
credit to Paid-in Capital from Treasury Stock Transactions $54,000.
B.
debit to Common Stock $54,000.
C.
credit to Paid-in Capital from Treasury Stock Transactions $36,000.
D.
credit to Common Stock $36,000.