BRIEF EXERCISES and disadvantages BE11-1 Hana Ascot is planning to start a business. Identify for Hana the advantages and disadvantages of the corporate form of business organization. LO 11, K issuance of par value BE11-2 On May 10, Pilar Corporation issues 2,500 shares of $5 par value common stock ommon stock 0 2), AP ournalize issuance of no-par r cash at $13 per share. Journalize the issuance of the stock. BE11-3 On June 1, Forrest Inc. issues 3,000 shares of no-par common stock at a cash price of $7 per share. Journalize the issuance of the shares. 0 2), AP urnalize issuance of preferred BE11-4 Layes Inc, issues 8,000 shares of $100 par value preferred stock for cash at $106 per share. Journalize the issuance of the preferred stock. BE11-5 Basse Corporation has 7,000 shares of common stock outstanding. It declares a $1 per share cash dividend on November 1 to stockholders of record on December 1. The dividend is paid on December 31. Prepare the entries on the appropriate dates to record the declaration and payment of the cash dividend. epare entries for a cash vidend ter effects of a BE11-6 The stockholders' equity section of Mabry Corporation's balance sheet consists of common stock ($8 par) $1,000,000 and retained earnings $300,000. A 10% stock dividend (12,500 shares) is declared when the market price per share is $19. Show the before-and- after effects of the dividend on (a) the components of stockholders' equity and (b) the shares outstanding ck dividend 3), AP