6) A corporation originally issued $7 par value common stock for $13 per share. It purchased the stock for $17 per share. Which of the following is included in the entry to record the sale of 20 shares of treasury stock for $18 per share? A) Paid-In Capital from Treasury Stock Transactions is credited for $360. B) Treasury Stock-Common is credited for $340. ) Treasury Stock-Common is credited for $360. D) Paid-In Capital from Treasury Stock Transactions is debited for $20. 7) The entry to record the payment of a previously declared dividend of $0.25 per share on 18,500 shares of common stock includes a A) debit to Cash Dividends for $4625 B) debit to Cash $4625 C) credit to Cash Dividends for $4625 D) debit to Dividends Payable for $4625 8) On November 1, 2018, Uno, Inc. declared a dividend of $4.50 per share. Uno, Inc. has 23,000 shares of common stock outstanding and no preferred stock. Which of the following is the journal entry needed to record the declaration of the dividend? A) Debit Dividends Payable-Common $103,500, and credit Retained Earnings $103,500. B) Debit Retained Earnings $103,500, and credit Cash $103,500. Debit Retained Earnings $103,500, and credit Dividends Payable-Common $103,500. D) Debit Cash $103,500, and credit Dividends Payable-Common $103,500. 9) On the date of record for a dividend, the company A) issues new shares of stock on that date B) disburses dividend payments to stockholders on that date records the dividend payable amount on that date D) determines who owns the shares of stock on that date 10) Electric, Inc. was incorporated on January 1, 2016. Electric issued 4000 shares of common stock and 1200 shares of preferred stock on that date. The preferred stock is cumulative $100 par, with an 12% dividend rate. Electric has not paid any dividends yet. In 2019, Electric had its first profitable year, and on November 1, 2019, Electric declared a total dividend of $63,000. What is the total amount that will be paid to preferred shareholders? A) $14,400 B) $57,600 $13,200 D) $63,000