1) On January 1, Bonita Corporation had 880000 shares of $10 par value common stock outstanding. On March 31, the company declared a 10% stock dividend. Market value of the stock was $15/share. As a result of this event,

Bonita Paid-in Capital in Excess of Par account increased $440000.

Bonita total stockholders equity was unaffected.

Bonita Stock Dividends account increased $1320000.

All of these answer choices are correct.

2) On January 1, Waterway Corporation had 82000 shares of $10 par value common stock outstanding. On June 17, the company declared a 10% stock dividend to stockholders of record on June 20. Market value of the stock was $12 on June 17. The stock was distributed on June 30. The entry to record the transaction of June 30 would include a

debit to Common Stock Dividends Distributable for $98400.

debit to Stock Dividends for $16400.

credit to Common Stock for $82000.

credit to Paid-in Capital in Excess of Par for $16400.

3) The following selected amounts are available for Marigold Company.

Retained earnings (beginning)	$960
Net loss	150
Cash dividends declared	100
Stock dividends declared	100

What is its ending retained earnings balance?

$810

$760

$610

$860

4) On January 1, 2020, Concord Corporation issued $5200000, 10-year, 4% bonds at 102. Interest is payable annually on January 1. The journal entry to record this transaction on January 1, 2020 is

Premium on Bonds Payable	104000
Cash	5200000
Bonds Payable		5304000

Cash	5304000
Bonds Payable		5304000

Cash	5304000
Bonds Payable		5200000
Premium on Bonds Payable		104000

Cash	5200000
Bonds Payable		5200000