QUESTION 21 21. Maxim Holding Co., Inc. was authorized to issue 200,000 of its $3 par value commission. Maxim Holding Co., Inc. had the following transactions during the month of March 2020: 3/4/20 - Sold 25,000 shares of common stock at $5 each. 3/10/20 - Repurchase 5,000 of its own shares at $8 per share. 3/15/20 - Sold 2,000 of the share purchased on 3/10/20 at $10 per share. 3/20/20 - Sold 2,000 of the shares purchased on 3/10/20 at $5 per share 3/23/20 - Declared a $2 per share cash dividends on all outstanding shares of common stock, 3/31/20 - Paid the dividends declared on 3/23/20. Which of the following is not true about transaction 3/20/20? Debit cash $10,000, debit APIC, TS 2,000, Debit retained earning $4,000 and credit treasury stock $ 16,000. . Debit cash $10,000, debit APIC, TS 4,000,Debit retained earning $2,000 and credit treasury stock $16,000 OB Debit cash $16,000 and credit treasury system $16,000 None of the above