15. On December 2, 2024 , Eshares, Inc. purchases of land . In payment for the land , Eshares , Inc. issues 10,000 shares common stock with $6 par value . The land has been appraised at a market value of $470,000. Which of the following is included in the journal entry to record this transaction ? A. debit Cash $470,000 B . debit Common Stock - $6 Par Value for $60,000 and debit Paid - In Capital in Excess of Par - Common $410,000 C. credit Common Stock- $6 Par Value for $470,000 D. credit Common Stock- $6 Par Value for $60,000 and credit Paid - In Capital in Excess of Par - Common $410,000

19. Assume the following information for Western Sales, Inc.: . Common Stock , $1.00 par , 208,000 shares issued , 180,000 shares outstanding Paid - In Capital in Excess of Par - Common: $1,780,000 Retained Earnings: $2,620,000 Treasury Stock: 28,000 shares purchased at $15 per share If Western Sales purchases an additional 10,000 shares of treasury stock at $ 17 per share , what number of shares will be shown as issued and outstanding ? A. 208,000 issued ; 180,000 outstanding B . 208,000 issued ; 170,000 outstanding C . 180,000 issued ; 180,000 outstanding D. 198,000 issued ; 180,000 outstanding

20. Rosiland, Inc. purchases 18,000 shares of its previously issued $2 par value common stock for $160 per share . Which of the following is the correct journal entry to record this transaction ? A. Debit Treasury Stock - Common $2,880,000, and credit Cash $2,880,000. B . Debit Cash $2,844,000, and credit Treasury Stock - Common $2,844,000. C. Debit Common Stock- $2 Par Value $2,880,000, and credit Cash $2,880,000. D. Debit Cash $2,844,000 , and credit Paid - In Capital in Excess of Par - Common $2,844,000.