1. if a larger company issues 3,400 shares par value common stock for $64,600, determine the result of the transaction ofn the accounts.

a. paid-in capital in excess of par value will be credited for $40,800.

b. paid-in capital in excess of par value will be credited for $23,800

c. cash will be credited for $23,800

d. common stock will be will be credited for $64,600

2. Treasury stock that had been purchased for $3,871 last month was reissued this month for $5,549. what would the journal entry to record the reissuance include?

3. The snow corporation issues 11,200 shares of $48 par value preferred stock for cash at $68 per share. The entry to record the transaction will consist of a debit to cash for $761,600. what will the credit or credits consist of?