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8. On February 22, Brett Corporation reacquired 200 shares of its $5 par value common stock for $25 each. On March 15, the company reissued
8. On February 22, Brett Corporation reacquired 200 shares of its $5 par value common stock for $25 each. On March 15, the company reissued 70 shares for $30 each. What is true of the journal entry for reissuing their shares? A. Credit Cash $1,750 B. Credit Additional Paid in Capital $350 C. Debit Treasury Stock $1,750 D. Credit Treasury Stock $2,100 9. General Journal entries for cash dividends are recorded on the: A. declaration date, record date, and payment date. B. record date and payment date. C. declaration date and payment date. D. declaration date and record date. 10.The date to own stock in order to receive a dividend is: A.declaration date. B.Record date. C.payment date. D.no particular date 11. The statement of stockholders' equity shows: A) Only the ending balance in each stockholders' equity account. B) How each equity account changed over time. C) Only the beginning balance in each stockholders' equity account. D) Less information than the stockholders' equity section in the balance sheet. 12. The Surf's Up issues 1,000 shares of 6%, $100 par value preferred stock at the beginning of 2018. All remaining shares are common stock. The company was not able to pay dividends in 2018, but plans to pay dividends of $19,000 in 2019. Assuming the preferred stock is cumulative, how much of the $19,000 dividend will be paid to preferred stockholders and how much will be paid to common stockholders in 2019? A. $6,000 to preferred stockholders and $13,000 to common stockholders. B. $18,000 to preferred stockholders and $1,000 to common stockholders. C. $12,000 to preferred stockholders and $7,000 to common stockholders. D. $9,500 to preferred stockholders and $9,500 to common stockholders. Extra credit if you show me your work here
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