answer all of them please
A company issued for cash the following in the 2014 year: May 10th: 1,500 shares of $2 par common stock at $14 per share May 15th: 2,000 shares of $15 par preferred stock at $58 per share. The journal entry to book the May 10th transaction would be: (Choose the BEST answer). CE Cash 24,000 3,000 Common Stock Paid-in-Capital in Excess of Par 21,000 dr. cr. Common Stock 21,000 Paid-in-Capital in Excess of Par 3,000 Cash 18,000 Cash Accum Depreciation Common Stock dr. 18,000 3,000 21,000 dr. 21,000 Cash Common Stock 3,000 Paid-in-Capital in Excess of Par 18,000 None of the answers are correct. A company issued for cash the following in the 2014 year: May 10th: 1,500 shares of $2 par common stock at $14 per share May 15th: 2,000 shares of $15 par preferred stock at $58 per share. The journal entry to book the May 15th transaction would be: (Choose the BEST answer). dr. Preferred Stock 146,000 Paid-In Capital in Excess of Par 30,000 Cash 116,000 None of the answers are correct. dr. 146,000 Cash Preferred Stock Paid-In Capital in Excess of Par 30,000 116,000 dr. 116,000 Cash Preferred Stock Paid-In Capital in Excess of Par 30,000 86,000 dr. Cr. Cash 146,000 30,000 Accum Depreciation Preferred Stock 116,000 Question 3 3 pts A company issued for cash the following in the 2014 year: May 10th: 1,500 shares of $2 par common stock at $14 per share May 15th: 2,000 shares of $15 par preferred stock at $58 per share. If the May 10th transaction had "no-par" stock (rather than the $2 par stock) which of the following would be true? Choose the BEST answer. The Transaction would involve Cash and Paid-in-Capital in Excess of Par since there is no par. The transaction would involve Cash and Common Stock since there is no par. This is an unrealistic scenario since stock transactions require a stated par value. Adebit to cash would be booked with no offsetting credit with the correction being made on the bank reconciliation None of the answers are correct. Question 4 3 pts Stock represents an investment in a company. True False A company issued for cash the following in the 2014 year: May 10th: 1,500 shares of $2 par common stock at $14 per share May 15th: 2,000 shares of $15 par preferred stock at $58 per share. The journal entry to book the May 15th transaction would be: (Choose the BEST answer). Preferred Stock 146,000 Paid-In Capital in Excess of Par 30,000 Cash 116,000 None of the answers are correct. dr. 146,000 Cash Preferred Stock Paid-In Capital in Excess of Par 30,000 116,000 Cr. dr. 116,000 Cash Preferred Stock Paid-In Capital in Excess of Par 30,000 86,000 cr. Cash 146,000 30,000 Accum Depreciation Preferred Stock 116,000
