1. If a corporation issues 5 comma 000 shares of $1 par value common stock for $ 12 comma 000, the journal entry would include a credit to:

A. Common Stock for $ 12,000.

B. Common Stock for $ 5,000.

C. Retained Earnings for $ 5,000.

D. Paidminusin Capital in Excess of Parlong dashCommon for $ 12,000.

2.

Solderman Company issued $470,000, 8%, 10-year bonds for $402,800 with a market rate of 10%. The effective interest method of amortization is used and interest is paid annually. The journal entry on the first interest payment date would include a:

A.credit to Interest Expense of

$37,600.

B.credit to Interest Expense of

$40,280.

C.credit to Cash of

$37,600.

D.credit to Cash of

$40,280.

3.

Williamson Company declared and distributed a 10% stock dividend when it had 700,000 shares of $1 par value common stock outstanding. The market price per share of common stock was $10 per share when the dividend was declared. The journal entry to record the stock dividend would include a credit to:

A.Retained Earnings

$70,000.

B.

Paidin Capital in Excess of ParCommon

$630,000.

C.Common Stock

$700,000.

D.Retained Earnings

$700,000.