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Question 1 3.33 p Segura Corporation issued 100 shares of $10 par value common stock in exchange for $30,000 cash. The journal entry to record this transaction includes A credit to common stock for $30,000. O Two of the answers are correct. O A debit to cash for $30,000. A O A debit to common stock for $30,000 Question 2 3.33 pts ABC Corporation issued 100 shares of $100 par value common stock in exchange for $50,000 cash. The entry to record this transaction includes o a debit to common stock for $50,000. O a credit to retained earnings for $10,000. O a credit to PIC for $40,000. O At least two of the answers are correct. Question 3 3.33 pts ABC Company sold 200 shares of no par value preferred stock for $20 per share, cash. The journal entry to record this transaction includes a debit to Preferred Stock for $4,000. O a debit to PIC for $4,000. None of the answers are correct. O a credit to PIC for $4,000. Question 4 3.33 pts Beta, Inc., purchased 5,000 shares of treasury stock for $12 per share. The journal entry to record this transaction includes None of the answers are correct. O a debit to treasury stock for $60,000 O a credit to PIC. Treasury Stock for $60,000. O a debit to retained earnings for $60,000. Question 5 3.33 pts Beta Corporation reissued 1,000 shares of treasury stock, originally purchased for $12 a share, for $13 per share. The journal entry to record this transaction includes a credit to cash for $13,000. None of the answers are correct O a credit to treasury stock for $13,000 O a debit to treasury stock $12,000