(61) A company has issued 200.000 new shares to shareholders in exchange for a $4,000,000 cash. The shares are $1 par common shares. What is needed in the journal entry to record this issuance of shares? O Debit to paid-in capital in excess of par for $4,000,000 O Debit to common stock, $1 par for $200.000 o Credit to paid in capital in excess of pac for $3,800,000 O Credit to common stock, $1 par for $4,000,000 62) What are the characteristics of a company that has a large retained earnings balance? O Low profits, low dividends, and short history 000,000 Credit to common stock, $1 par for $4,000,000 (62) What are the characteristics of a company that has a large retained earnings balance? O Low profits, low dividends, and short history O High profits, low dividends, and long history High profits, high dividends, and long history O Low profitspligh dividends, and short history 63) On March 23, a company declared a dividend of $3.00 per share to be paid on July 12 to shareholders of record on June 6. There are 50,000 shares outstanding gi dividends, and short history 63 On March 23, a company declared a dividend of $3.00 per share to be paid a on July 12 to shareholders of record on June 6. There are 50,000 shares outstanding What is needed in the journal entry to record the payment of the dividends on July 127 Debit to cash for $150,000 Credit to blends for $150,000 O Debit to dividends payable for $150,000 O Credit to dividends payable for $150,000 On March 23, a company declared a dividend of $4.00 per share to be paid a nds payable for $150,000 64) On March 23, a company declared a dwidend of $4.00 per share to be paid a on July 12 to shareholders of record on June 6. There are 20.000 shares outstanding What is needed in the journal entry to record the declaration of the dividends on March 23? O Credit to cash for $80,000 o Credit to dividends for $80,000 Debit to cash for $80,000 O Debit to dividends for $80,000 665 Journal Entries