Prior to june 30, a company has never had any treasury stock transactions. a company repurchased 100 shares of its $1 par common stock on june 30 for $40 per share. on july 20, it reissued 50 of these shares at $46 per share. on august 1, it reissued 20 of the shares at $38 per share. what is the journal entry necessary to record the repurchase of stock on june 30? multiple choice debit common stock $4,000; credit cash $4,000. debit common stock $100; debit treasury stock $3,900; credit cash $4,000. debit treasury stock $3,900; debit paid-in capital, treasury stock $100; credit cash $4,000. debit treasury stock, common $4,000; credit cash $4,000.