1) A company issues 15,000 shares of its $25 par common stock for $29 per share. The amount to be debited to Cash is

	$435,000.
	$375,000.
	$405,000.
	$ 60,000.

2) On September 1, 2012, Juno Corp. lent $2,400 to Bill Askins on a six-month 8% promissory note. The journal entry to record the note for Juno Corp. would be to:

	debit Note Receivable/Tim, $2,400; credit Cash, $2,400.
	debit Note Receivable/Tim, $96; credit Interest Income, $96.
	debit Note Receivable/Tim, $2,496; credit Cash, $2,496.
	debit Cash, $2,400; credit Note Payable/Tim, $2,400.