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JT Engineering sold 8,000 shares of $10 par value preferred stock for $15 and 60,000 shares of no par common stock with a stated
JT Engineering sold 8,000 shares of $10 par value preferred stock for $15 and 60,000 shares of no par common stock with a stated value of $5 for $8 per share. In addition, JT sold 6,500 shares of treasury stock it had purchased for $9 per share for $18 per share. How much total additional paid-in capital should JT record in the stockholders' equity section of its balance sheet? O $278,500 $272,000 O $220,000 O $226,500
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