Calculator If Dakota Company issues 1,500 shares of $6 par common stock for $75,000, a. Paid-In Capital in Excess of Par will be credited for $9,000 b. Common Stock will be credited for $75,000 c. Cash will be debited for $66,000 d. Pald-In Capital in Excess of Par will be credited for $66,000 ChedMy Work & 5 7 8 0 Calculator The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 45,000 shares were originally issued and 5,000 were subsequently reacquired. What is the amount of cash dividends to be paid $2 per share dividend is declared? $80,000 b. 390,000 $10,000 d. 3100,000 & 5 7 8 0 P R Y 0 T U G V