1) Miller Corporation issued 9000 shares of its $5 par value common stock in payment for attorney services billed at $108,000. Miller Corporation's stock has been actively trading at $12 per share. The journal entry for this transaction would include a credit to: A) Paid-in Capital in Excess of Par-Common for $108,000. (B) Common Stock for $108,000. C) Paid-in Capital in Excess of Par-Common for 563,000. D) Legal Expense for $108,000. 2) Illinois Bank lends Lisle Furniture Company $120,000 on December 1. Lisle Furniture Company signs a $120,000, 9%, 4-month note. The total cash paid at maturity of the note is: (Round your final answer to the nearest dollar.) A) $123,600. B) $130,800 C) $125,400 D) $120,000 3) Connar Company reports the following accounts and balances at year end: vable Long-Term Notes Payable Accounts Receivable Accounts Payable Building Cash and Cash Equivalents Salaries Expense Common Stock Interest Payable Land Short-term Investments Income Taxes Payable Equipment Supplies Service Revenue Supplies Expense Utilities Expense Income Tax Expense $150,000 $31,000 $37,000 $55,000 $80,000 $20,500 $22,000 $1,500 $40,000 59000 $12,000 $59,500 $6000 $99,000 $18,000 $8,500 $10,000 What is the total amount of current assets at the end of the year? A) 580,000 B) $111,000 C) $138,000 D) $126,000 4) Which of the following is a business transaction? A) A company hires a new marketing manager. B) A company signs a contract for services to be provided during the first quarter of the next fiscal year. C) A company pays its employees a year-end bonus. D) A company applies for a mortgage that will be used to purchase a new office building