1. A corporation sold 10,500 shares of its $10 par value common stock at a cash price of $15 per share. The entry to record this transaction would include:

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2. A corporation issued 230 shares of its $5 par value common stock in payment of a $3,100 charge from its accountant for assistance in filing its charter with the state. The entry to record this transaction will include:

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3. A companys Board of directors votes to declare a cash dividend of $1.45 per share of common stock. The company has 29,000 shares authorized, 24,000 issued and 23,500 shares outstanding. The total amount of the cash dividend is:

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4. The following data were reported by a corporation:

Authorized shares 36,000

Issued shares 31,000

Treasury shares 11,500

The number of outstanding shares is:

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5. Halverstein Companys outstanding stock consists of 14,000 shares of cumulative 5% preferred stock with a $10 par value, and 6,000 shares of common stock with a $1 par value. During the first 3 years of operation, the corporation declared and paid the following cash dividends:

Dividend Declared

Year 1$ 0

Year 2$ 12,000

Year 3$ 49,000

The amount of dividends paid to preferred and common stock holders in Year 2 is :

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