Comfort Mattresses, Inc. sold 26,000 shares of its $1 par value common stock at a cash price of $12 per share. The entry to record this transaction would (3 Multiple Choice Debit Cash $312.000 credit Common Stock $26,000 credit Paid-in Capital in Excess of Par Value. Common Stock $286,000 Debit Cash for $312.000. Credit Common Stock $312.000 Debit Cash $312.000, credit Stock ability $206,000 credit Common Stock $26.000 Debit Common Stock $26.000 detit Paidan Capital in Excess of Par Valve Common Stock $286,000 credit Cash $312.000 Debit Common Stock $26.000. Credit Cash $26.000 26 Percy Corporation was formed on January 1. The corporate charter authorized 100,000 shares of $10 par value common stock. During the first month of operation, the corporation issued 240 shares to its attorneys in payment of a $4.400 charge for drawing up the articles of incorporation. The entry to record this transaction would include: 2 02:50:51 Multiple Choice Adebit to Organization Expenses for $2.400 o o A credit to Paidan Capital in Excess of Par Value, Common Stock for $4,400 o A detto Organization Expenses for $4.400 o Acre to common stock for $4.400 o Adotto Paldin Capital in Excess of Pur Value. Common Stock for $2.000 27. Portia Grant is an employee who is paid monthly. For the month of January of the current year, she earned a total of 8,338. The FICA tax for social security is 6.2% of the first $128,400 of employee earnings each calendar year and the FICA tax rate for Medicare is 1.45% of all earnings. The FUTA tax rate of 0.6% and the SUTA tax rate of 5.4% are applied to the first $7.000 of an employee's pay. The amount of federal income tax withheld from her earnings was $1383.47. Her net pay for the month is (Round your intermediate calculations to two decimal places.) (2 son Multiple Choice 56,83363 3588267 55,02 53 56.316.67 56.600