14 Bonds with a face value of $300,000 and a quoted price of 97% have a selling price of a. $291,750 b. $291,075 c. $291,006 d. $292,500. 15 Patrick Corporation is authorized to issue 1,000,000 shares of $1 par value common stock. During 2014, the company has the following stock transactions. Jan. 15 Issued 700,000 shares of stock at $7 per share. Sept. 5 Purchased 20,000 shares of common stock for the treasury at $8 per share. Dec. 6 Declared a $0.50 per share dividend to stockholders of record on December 20, payable January 3, 2015 Instructions Journalize the transactions for Patrick Corporation. General Journal Debit Credit Ref. Account 16 The stockholders' equity section of Patrick Corporation's balance sheet at December 31 is presented here: PATRICK CORPORATION Balance Sheet (partial)