ABC Corporation issues 1,000 shares of $10 par value ordinary shares at $13 per share. In recording the transaction, credits are made to: Select one: a. ordinary Shares $10,000 and share premium 3,000 b. cash 13,000 c. ordinary shares $10,000 and Retained Earnings 3,000 d. ordinary Shares $13,000 Treasury stock is a contra stockholders' equity account. Select one: True False XYZ, Inc. sells 100 shares of treasury shares at $10 per share. If the cost of acquiring the shares was $13 per share the entry for the sale should include credits to: Select one: a. Treasury Shares $1,300 b. Treasury Shares $1,000 c. Treasury Shares $1,000 and shares premium- treasury 300 d. Treasury Shares $300 and shares premium - treasury 1000 if X and Y agree to establish partnership with total capital 36,000 divided 2:1 respectively what is the amount of Y capital Select one: a. 16,000 b. 12,000 c. 24,000 d. 8,000