On June 1, ABC Company purchased 1,000 shares of its previously issued common stock paying $5 per share. On June 30, they sold 200 of the treasury stock for $6 per share. On July 26, they sold another 200 shares at $4.30 per share. On August 4, they sold another 200 shares at $4.50 per share. After the August 4 transaction is recorded, what is the balance in the "Paid in Capital from Treasury Stock Transactions" account (assuming it was a zero balance on June 1)?

options:

$40 credit balance

$100 debit balance

$40 debit balance

$0