31 & 32) -Wise Company had the following transactions. 1. Issued 7,000 shares of common stock with a stated value of $10 for $130,000. 2. Issued 2,000 shares of $100 par preferred stock at $108 for cash. Instructions Prepare the journal entries to record the above stock transactions." Questin #31 31. a-Cash 130,000. 70,000 Common Stock.. Paid-in Capital in Excess of Stated Value-Common Stock .......... 60,000 b-Cash.... ........................ 130,000 Common Stock...... 130,000 c-Cash....... 70,000 Paid-in Capital in Excess of Stated Value-Common Stock .......... 60,000 Common Stock... 130,000 d-Common stock ........ ........... 130,000 Cash......... 130,000 . . Question#32 32. a-Cash.. 216,000 200,000 Preferred Stock ....... Paid-in Capital in Excess of Par-Preferred Stock........... 16,000 b-Preferred Stock.. 200,000 Paid-in Capital in Excess of Par-Preferred Stock ......... 16,000 Cash 216,000 c-Cash. 216,000 Preferred Stock.. 216,000 d-Preferred stock.. 216,000 Cash......... 216,000 33-Debt investments are initially recorded at: (a) cost. (b) cost plus accrued interest. (c) fair value. (d) face value. 34-Which of the following will not be reported in the statement of cash flows? (a) The net change in stockholders' equity during the year. (b) Cash payments for plant assets during the year. (c) Cash receipts from sales of plant assets during the year. (d) How acquisitions of plant assets during the year were financed 35-Which is an example of a cash flow from an operating activity? (a) Payment of cash to lenders for interest (b) Receipt of cash from the sale of capital stock. (c) Payment of cash dividends to the company's stockholders, d) None of the above