If $1,108,000 of 9% bonds are issued at 102 1/2, what is the amount of cash received from the sale?

Select the correct answer.

$1,108,000

$1,135,700

$1,207,720

$831,000

Treasury stock that had been purchased for $3,658 last month was reissued this month for $5,152. What would the journal entry to record the reissuance include?

Select the correct answer.

Credit to Excess of Par/Common for $1,494

Treasury Stock for $3,658

Credit to Treasury Stock for $1,494

Debit to Treasury Stock for $3,658