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Sophia Company had 900 shares of $10 par value common stock and $38,000 of APIC reported on the balance sheet. The company then bought 200
- Sophia Company had 900 shares of $10 par value common stock and $38,000 of APIC reported on the balance sheet. The company then bought 200 shares for $46 each and subsequently sold 60 of the shares for $52 each. The balance in the Common Stock, APIC, and Treasury Stock accounts after these transactions are
- $9000, $38,000, and $6440, respectively
- $9000, $38,360, and $6080, respectively
- $7600, $38,360, and $6080, respectively
- $9000, $38,360. And $6440, respectively
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