Antalya Corporation acquired 21200 shares of its own common stock at $22 per share on February 5, 2019, and sold 10600 of these shares at $29 per share on July 9, 2020. The fair value of Antalya's common stock was $26 per share at December 31, 2019, and $27 per share at December 31, 2020. The cost method is used to record treasury stock transactions. What account(s) should Antalya credit in 2020 to record the sale of 10600 shares? a. Treasury Stock for $275600 and Retained Earnings for $31800. b. Treasury Stock for $307400. c. Treasury Stock for $233200 and Paid-in Capital from Treasury Stock for $74200. d. Treasury Stock for $233200 and Retained Earnings for $74200. e. None of the above.

c.

Explanation:

The journal entry will be;

Cash  10,600*29            Dr.$307,400

Treasury Stock 10,600*22  Cr.$233,200

Paid in Capital from treasury stock 10,600*(29-220 Cr.$74,200

Therefore option c. is correct.

of the three mortgage options that demarco and tanya have to choose from, the balloon payment mortgage would be their best option, over adjustable payment and fixed payment plans.ultimately, the balloon payment plan would save demarco and tanya overall, in interest, would cost less monthly, and they would only have to make these payments for 8 years, opposing to 30 years for adjustable or fixed payment plans. 

overall, demarco and tanya would save $80,811 if they chose balloon payments over fixed payments, and would save $116,711 if they choose balloon payments over adjustable payments. benefits with choosing fixed payments over adjustable payments is that, in the end, the payments will still be $836.30 a month, while with adjustable payments, the initial monthly payments will be $763.38 to $1082.70 a month, ultimately leading to a more costly purchase. benefits with choosing fixed payments over balloon payments are not present. benefits in choosing adjustable payments over is that it has a lower interest rate, and starts with lower monthly payments initially. benefits in choosing adjustable payments over balloon payments include a lower interest rate, and lower initial monthly payments. benefits in choosing balloon payments over fixed payments include lower interest rates, lower overall price, lower monthly payments, takes less time to pay off, and does not require a downpayment. benefits in choosing balloon payments over adjustable payments include, lower monthly payments (when averaged), takes less time to pay off, and lower overall price.

hence, option c, balloon payments, is the best option for demarco and tanya to make this purchase, for it will save them a minimum of $80811, and a maximum of $116,711.