Which of the Following Entries Would Be Recorded When a Company

Which of the following entries would be recorded when a company reissues 1,000 shares of treasury stock for $50 per share when they were repurchased at a cost of $47 per share and have a $1 par value?
$\begin{array}{lr}\text { A. Cash } & 50,000 \\\text { Treasury Stock } & &47,000 \\\text { Capital in excess of par value } && 3,000\end{array}$

$\begin{array}{lr}\text { B. Cash } & 50,000 \\\text { Treasury Stock } & &47,000 \\\text { Retained earnings \( \quad \) \( \quad \) \( \quad \) \( \quad \) \( \quad \) } && 3,000\end{array}$

$\begin{array}{lrr}\text { C. Cash } & 50,000 & \\\text { Common Stock } & &1,000 \\\text { Capital in excess of par value } && 49,000\end{array}$

$\begin{array}{lrr}\text { D. Cash } & 50,000 & \\\text { Treasury Stock } & &47,000 \\\text { Gain on sale of treasury stock } && 3,000\end{array}$

A) Option A
B) Option B
C) Option C
D) Option D