- A corporation sold 18.500 shares of its $10 par value common stock at a cash price of $11 per share. The entry to record this transaction would include: Multiple Choice 0 A credit to Common Stock for $203.500 0 Acredit to din Capital in Excess of P u r Common Stock for $388,500 0 Adebit to Cash for $185.000 0 Adebt to Po rtal in Excess of PV Conmon Stock for $200.500 0 Acredito Common Stock for $95.000 A corporation issued 140 shares of its $5 par value common stock in payment of a $2.200 charge from its accountant for assistance in filing its charter with the state. The entry to record this transaction will include: Multiple Choice A $2,200 credit to Common Stock A $2.200 credit to Cash A $700 debt to Organization Expenses A $,500 credit to Paldin Capital in Excess of Par Value, Common Stock A $2.200 debit to Legal Expenses. A corporation issued 6.400 shares of $10 par value common stock in exchange for some land with a market value of $98,000. The entry to record this exchange is: Multiple Choice Debit Land $98,000; credit Common Stock $64.000 credit Paid in Capital in Excess of Par Value. Common Stock $34.000 Debit Land $98.000, credit Common Stock $98,000 Debit Land $64,000 credit Common Stock $64.000 Debit Common Stock $64.000, debit Paid in Capital in Excess of Par Value, Common Stock $34,000 credit Land $98.000. Debit Common Stock $98,000 credit Land $98.000 - Hutter Corporation declared a $0.50 per share cash dividend on its common shares. The company has 34,000 shares authorized, 17.400 shares issued, and 13,600 shares of common stock outstanding. The journal entry to record the dividend declaration is: Debit Retained Earnings $8.700 credit Common Dividends Payable $8700 Debit Retained Earnings 56,000 credit Common Dividends Payable $6.800 Debt Retained Earnings $17000 Credit Common Dividends Payable $17,000 Debt Common Dividends Payable 56.800: Credit Cash 6,800 Debit Common Dividends Payable $0,700 Credit Cash $0.700