Can you help me with questions 1 through 6 please? Thank you.

Clicker Question Preparation Guide: Ch. 11 & 12 Clicker questions will be asked in class based on your completion of this preparation guide. You will not have time to complete this guide in class!

1) Richey May Co. issues 7,000 shares of $2.50 par value common stock for $11 per share.

a) What is the journal entry to record this transaction? (You may or may not need all rows of this textbox).

b) Richey May Co. repurchases 425 of its own common shares for Treasury for $6.25 per share. What is the journal entry to record this transaction? (You may or may not need all rows of this textbox).

c) Assuming the above transactions represent all of the common stock activity of Richey May Co., how many common shares are issued?

d) Assuming the above transactions represent all of the common stock activity of Richey May Co., how many common shares are in treasury?

e) Assuming the above transactions represent all of the common stock activity of Richey May Co., how many common shares are outstanding?

2) On Nov. 2, 2018, the board of directors of Cherry Creek Inc. declared a $8.00 per share cash dividend on 110,000 shares of $1 par value common stock. The dividend will be paid to stockholders who own shares on Dec. 14, 2018. The dividend will be paid on Feb. 23, 2019. What journal entry, if any, is required on each of the following dates?

a) Nov. 2, 2018

b) Dec. 14, 2018

c) Feb. 23, 2019

3) Alan-Scott Co. began the year with an accounts receivable balance of $98,400, and ended the year with an accounts receivable balance of $42,600. During the year, Alan-Scott Co. recorded $476,900 of sales on account. How much cash did Alan-Scott Co. collect from its customers during the year?

4) Dawns Pillow Co. began the year with an accounts payable balance related to inventory purchases of $21,000. The balance in the account at the end of the year was $32,900. During the year, Dawns Pillow Co. purchased $173,000 of inventory on account. How much cash did Dawns Pillow Co. pay for inventory purchases during the year?

5) Fill in the table by indicating if it is an increasing (+) or decreasing (-) transaction. Also indicate if it is an operating (O), investing (I), or financing (F), activity. + or - O, I, or F

a) Cash payment of dividends	8,200
b) Cash payment for inventory	119,350
c) Cash payment for expenses	4,000
d) Cash payment for wages	58,250
e) Cash payment for interest expense	675
f) Cash payment for purchase of equipment	31,400
g) Cash payment for repayment of debt	20,500
h) Cash collection of accounts receivable	420,000
i) Cash collection of interest revenue	8,600
j) Cash collection of dividend revenue	3,200
k) Cash proceeds from sale of equipment	19,000
l) Cash proceeds from sale of common stock	36,600

6) Using the information in the table from question 5), complete the following statement of cash flows using the direct method. List each transaction and amount under the appropriate section. Be sure to indicate if it is increasing or decreasing (+ or -). You may not need to use all of the lines.

Cash from Operating Activity	Amount
a) Net cash __ (provided or used) by operating activity
Cash from Investing activity	Amount
b) Net cash _____ (provided or used) by investing activity
Cash from Financing Activity	Amount
c) Net cash __ (provided or used) by financing activity

d) Net change in cash during period

Cash at beginning of period 3,160

e) Cash at end of period