1.)Perry's Pet Palace sold 140,000 shares of its $25 par value common stock for $28.25 per share. In recording the journal entry, there should be how much of a credit to Additional Paid-In Capital?

2.) If Perry's purchased 4,000 shares of it's own stock, the correct journal entry would include (please mark all that apply):

a.) dr. Cash 100,000

b.) cr. Cash 100,000

c.) dr. Treasury Stock 100,000

d.) cr. Treasury Stock 100,00