For Questions 4 through 9, use the following information XYZ Corp. issues common stock on 1/1/2018. All Shareholders' Equity accounts have a $ 0 as of that day. On 1/1/2018, they issue 20,000 shares of $1 par common stock (they are authorized to issue 55,000 shares). The issue price of the shares was $26/share. On 4/5/2018, XYZ repurchases 3,000 shares of their common stock at the market price of $29/share. They are not retiring the shares. On 7/19/2018, they sell 1,000 of those shares at the market price of $25/share; on 9/15/2018 they sell an additional 1,000 shares at the new market price of $29/share. During 2018, XYZ reports net income of $114,500. They declare a cash dividend of $11,500 on 11/30/2018. XYZ's policy is to pay dividends 60 days after they are declared. As of 1/31/2018, what are the balances in XYZ's equity account(s)? O A Common Stock $20,000 and PIC-Excess of par $ 500,000 o B Common stock $ 55,000 and PIC--Excess of par $ 1,375,000 Common stock $ 520,000 O D Common stock $ 1,430,000 O E Common stock $20,000; PIC-Excess of par $ 500,000; Treasury Stock $ 910,000 [] Fulls Q5: Shareholders' equity Homework . Unanswered For Questions 4 through 9, use the following information XYZ Corp. issues common stock on 1/1/2018. All Shareholders' Equity accounts have a $ 0 as of that day. On 1/1/2018, they issue 20,000 shares of $1 par common stock (they are authorized to issue 55,000 shares). The issue price of the shares was $26/share. On 4/5/2018, XYZ repurchases 3,000 shares of their common stock at the market price of $29/share. They are not retiring the shares. On 7/19/2018, they sell 1,000 of those shares at the market price of $25/share; on 9/15/2018 they sell an additional 1,000 shares at the new market price of $29/share. During 2018, XYZ reports net income of $114,500. They declare a cash dividend of $11,500 on 11/30/2018.XYZ's policy is to pay dividends 60 days after they are declared. The repurchase of shares on 4/5/2018 has which effect: o A Increase shareholders' equity by $ 87,000 Decrease shareholders' equity by $ 87,000 0 C Decrease common stock by $3,000 o D Increase common stock by $ 3,000 O E None of the above [] FL Q6: Shareholders' equity Homework. Unanswered For Questions 4 through 9, use the following information XYZ Corp. issues common stock on 1/1/2018. All Shareholders' Equity accounts have a $ 0 as of that day. On 1/1/2018, they issue 20,000 shares of $1 par common stock (they are authorized to issue 55,000 shares). The issue price of the shares was $26/share. On 4/5/2018, XYZ repurchases 3,000 shares of their common stock at the market price of $29/share. They are not retiring the shares. On 7/19/2018, they sell 1,000 of those shares at the market price of $25/share; on 9/15/2018 they sell an additional 1,000 shares at the new market price of $29/share. During 2018, XYZ reports net income of $114,500. They declare a cash dividend of $11,500 on 11/30/2018.XYZ's policy is to pay dividends 60 days after they are declared. As of 12/31/2018, the balance in the Treasury stock account is O A Debit of $ 30,000 O B Credit of $ 30,000 0 C Debit of $ 29,000 O D Credit of $ 29,000 O E $0 [] Fullscreen Q 9: Shareholders' equity Homework. Unanswered For Questions 4 through 9, use the following information XYZ Corp. issues common stock on 1/1/2018. All Shareholders' Equity accounts have a $ 0 as of that day. On 1/1/2018, they issue 20,000 shares of $1 par common stock (they are authorized to issue 55,000 shares). The issue price of the shares was $26/share. On 4/5/2018, XYZ repurchases 3,000 shares of their common stock at the market price of $29/share. They are not retiring the shares. On 7/19/2018, they sell 1,000 of those shares at the market price of $25/share; on 9/15/2018 they sell an additional 1,000 shares at the new market price of $29/share. During 2018, XYZ reports net income of $114,500. They declare a cash dividend of $11,500 on 11/30/2018. XYZ's policy is to pay dividends 60 days after they are declared. What is the balance in XYZ's retained earnings account as of 12/31/2018? 0 A $114,500 o B $103,000 o c $104,000 D $ 99,000 O E $102,000 [] Fu Q8: Shareholders' equity Homework. Unanswered For Questions 4 through 9, use the following information XYZ Corp. issues common stock on 1/1/2018. All Shareholders' Equity accounts have a $ 0 as of that day. On 1/1/2018, they issue 20,000 shares of $1 par common stock (they are authorized to issue 55,000 shares). The issue price of the shares was $26/share. On 4/5/2018, XYZ repurchases 3,000 shares of their common stock at the market price of $29/share. They are not retiring the shares. On 7/19/2018, they sell 1,000 of those shares at the market price of $25/share; on 9/15/2018 they sell an additional 1,000 shares at the new market price of $29/share. During 2018, XYZ reports net income of $114,500. They declare a cash dividend of $11,500 on 11/30/2018.XYZ's policy is to pay dividends 60 days after they are declared. How many outstanding shares of common stock will XYZ report as of 12/31/2018? O A 55,000 O B 20,000 17,000 O D 19,000 O E 35,000 [] Fu