A retail store credited the Sales Revenue account for the sales price and the amount of sales tax on sales. If the sales tax rate is 5% and the balance in the Sales Revenue account amounted to $672000, what is the amount of the sales taxes owed to the taxing agency? O $32000 O $33600 O $640000 O $672000 Whispering Manufacturing Corporation purchased 2900 shares of its own previously issued $10 par common stock for $84100. As a result of this event, o Whispering's Common Stock account decreased $29000, o Whispering's total stockholders' equity decreased $84100 o Whispering's Paid-in Capital in Excess of Par Value account decreased $55100 O All of these answer choices are correct Whispering Winds Corp. is authorized to Issue 13000 shares of 9%, $100 par value preferred stock and 490000 shares of no-par common stock with a stated value of $1 per share. If Whispering issues 6000 shares of preferred stock for land with an asking price of $840000 and a market value of $690000, which of the following would be the best journal entry for Whispering to record? O Land 690000 Preferred Stock 690000 Land 600000 2 Preferred Stock 600000 Land 840000 Preferred Stock Paid-in Capital in Excess of Par- Preferred 600000 240000 O Land 690000 600000 Preferred Stock Paid-in Capital in Excess of Par- Preferred 90000 The board of directors of Swifty Corporation declared a cash dividend of $2.75 per share on 40000 shares of common stock on July 15, 2020. The dividend is to be paid on August 15, 2020, to stockholders of record on July 31, 2020. The effects of the journal entry to record the payment of the dividend on August 15, 2020, are to o decrease stockholders equity and decrease ilabilities o increase stockholders' equity and increase liabilities. O increase stockholders equity and decrease assets. decrease liabilities and decrease assets