1. Using the following information prepare the journal entries necessary to complete the problems.

G Corp has 20k shares authorized and has decided to sell 12K shares at $9 per share. Use this information for the following three events.

A. The shares sold had no par or stated value.

B. The shares sold had a par value of $3 per share.

C. The shares sold had no par but a stated value of $2 per share.

2. Same thing as question 1, but with the following information.

F. Corp has 50K shares authorized and sold every share at a price of $12 per share.

A. The share sold had no par or stated value

B. The shares sold had no par value, but stated value was $8 per share.

C. The shares sold had no stated value, but par was $1 per share.

3. Molly corp needs to issue bonds to start a new grow division. They are looking into a 700K bond issued at face, 98, and 103. The rate will be 6% and for 9 years. Please keep in mind we pay interest twice a year.

4. Sundry corp declared a .35 cent per share dividend on may 1, to stockholders of record on June 1. The payment date is going to be July 1. Sundry has a total of 600k shares authorized, in which 20k shares are treasury, and 50K shares are unissued. Using the information provided prepare the journal entries associated with problem.

5. . Sundry corp declared a .15 cent per share dividend on may 1, to stockholders of record on June 1. The payment date is going to be July 1. Sundry has a total of 600k shares authorized, in which 425k shares are outstanding, and 50K shares are unissued. Using the information provided prepare the journal entries associated with problem.