Question: What is a good response to the following post made by a classmate? Account Debit Credit Treasury Stock (+XSE, -SE) 60,000 Cash (-A) 60,000 Assume that Inland sold the remaining 1,000 shares of treasury stock at $18 per share. Prepare the journal entry to record the sale of this treasury stock. Account Debit Credit Treasury Stock (+XSE, -SE) 18,000 Cash (-A) 18,000 If the amounts in parts b and c are put together as treasury stock, there is a paid-in excess amount of 18,000 over what the company paid for these shares.