8)

11)

Katy Hooper Inc. issued 6,000 shares of no-par common stock with a stated value of $5 per share. The market price of the stock on the date of issuance was $14 per share. The entry to record this transaction includes a debit to Paid-in Capital in Excess of Par for $84,000. O debit to Cash for $30,000. credit to Common Stock for $30,000 O credit to Common Stock for $84.000. 7900 shares of treasury stock of Crane, Inc., previously acquired at $16 per share, are sold at $22 per share. The entry to record this transaction will include a O credit to Treasury Stock for $173800. debit to Paid In Capital from Treasury Stock for $47400. Odebit to Treasury Stock for $126400 O credit to Paid-In Capital from Treasury Stock for $47400