35 d out of 35. Following is the stockholders equity section of the balance sheet of Homewood Corporation: Paid-in capital: Preferred stock, $100 par value, 80,000 authorized, 50,000 issued $5,000,000 Paid-in capital in excess of par value-preferred 200,000 Common stock, $5 par value, 3,000,000 authorized, 1,500,000 shares issued 7,500,000 Paid-in capital in excess of par value-common 500,000 Total paid-in capital $13,200,000 move flag Retained earnings 4,800,000 Total stockholders equity $18,000,000 The entry to record the Homewood purchase of 15,000 shares of its common stock at $12.50 per share includes: Select one: a. a debit to Retained Earnings for $75,000 b. a credit to Common Stock for $75,000 MacBook 200 000 Fd od 75 . F6 DII F8 DD 59 F10 1 % A & + 5 00 * 6 7 9 O P { T Y U - 0 G H J J K L red d out of emove flag Paid-in capital: Preferred stock, $100 par value, 80,000 authorized, 50,000 issued Paid-in capital in excess of par value-preferred Common stock, $5 par value, 3,000,000 authorized, 1,500,000 shares issued Paid-in capital in excess of par value-common Total paid-in capital $ 5,000,000 200,000 7,500,000 500,000 $13,200,000 Retained earnings 4,800,000 Total stockholders equity $18,000,000 The entry to record the Homewood purchase of 15,000 shares of its common stock at $12.50 per share includes: Select one: a. a debit to Retained Earnings for $75,000 b. a credit to Common Stock for $75,000 c. a debit to Treasury Stock for $187,500 d. a credit to Paid-in Capital in Excess of Par Value-Common for $112,500 8