A. governing body.

B. officers of the corporation.

C. stockholders.

D. board of directors

In exchange for $1,500 legal services to help set up the new company, Hickory Grove Corporation issued 100 shares of $10 par value stock to its attorney. The entry to record the issuance of the stock would include a

A. credit to Common Stock for $1,000.

B. debit to Common Stock for $1,000.

C. credit to Common Stock for $1,500.

D. debit to Paid-In Capital in Excess of Par Value for $500.

Washington Corporation issued 4,000 shares of its $20 par value common stock for $23 per share. The entry to record the issuance would include a

A. debit to Cash for $80,000.

B. credit to Common Stock for $12,000.

C. credit to Common Stock for $80,000.

D. debit to Paid-In Capital in Excess of Par Value for $12,000.

Soy.com has 100 shares of $100, 6% cumulative nonparticipating preferred stock, and 1,000 shares of $10 par value common stock outstanding. The company paid $2,000 cash dividends, including one-year dividends in arrears to preferred stockholders. Preferred stockholders received

A. $1,200.

B. $2,000.

C. $182.

D. $600.

n exchange for $1,500 legal services to help set up the new company, Hickory Grove Corporation issued 100 shares of $10 par value stock to its attorney. The entry to record the issuance of the stock would include a

A. credit to Common Stock for $1,000.
B. debit to Common Stock for $1,000.
C. credit to Common Stock for $1,500.
D. debit to Paid-In Capital in Excess of Par Value for $500.