1) Dan Corp. issues 150,000 shares of $3 par value common stock. Journalize entry will be *

Debit Common Stock $450,000 and credit Cash $450,000

Debit Cash $150,000 and credit Common Stock $150,000

Debit Cash $450,000 and credit Common Stock $450,000

2) Which of the following represents the number of shares repurchased from the market? *

Treasury shares

Issued shares

Outstanding shares

Authorized shares

Debit Common Stock $150,000 and credit Cash $150,00