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At the beginning of 2020, Chemical Cleaning Solutions had 18,000 shares of $4 Par value common stock outstanding that were issued at $28 a share.

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At the beginning of 2020, Chemical Cleaning Solutions had 18,000 shares of $4 Par value common stock outstanding that were issued at $28 a share. In June, Chemical Cleaning Solutions issued an additional 4,000 shares of common stock for $30 a share. A total of 63,000 shares were authorized. On September 23, Chemical Cleaning Solutions purchased 400 shares of treasury stock at $27 a share. Which of the following would be included in the purchase of treasury stock? Multiple Choice Debit Treasury Stock for $10,800 O Credit Treasury Stock for $10,800 Credit Cash for $1,600 Credit Additional Paid-In Capital for $9,200 At the end of the accounting period, the general ledger of Antonio's Tacos had the following balances: Common Stock, $60,000; additional paid-in capital, $222,000; retained earnings, $402,000; and treasury stock, $13,000. What is the total amount of stockholders' equity? Multiple Choice $282,000 $671,000 $695,000 $684,000 Stafford Publishing Inc. was established on February 21, 2020. Stafford is authorized to issue 800,000 shares of $2.00 par value common stock and by December 31, 2020, Stafford had 200,000 shares issued & outstanding and Paid In Capital of $1,800,000. On January 3, 2021, when the common stock was trading for $15/share, Stafford declared a 14% stock dividend. Which of the following would be included in the journal entry to record the declaration and payment of the stock dividend? Multiple Choice O Stock Dividends is debited for $56,000 Common Stock is credited for $56,000 Oo oo Additional Paid in Capital is credited for $420,000 Cash Dividends is debited for $420,000

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