If Sophie Co purchases 1,000 of its 51 par value common stock and the current market price is $100 per share, which of the following is part of the correct journal entry to record this transaction? O DEBIT to Treasury Stock of $100,000 O DEBIT to Common Stock of $1,000 O DEBIT to Additional Paid-in Capital of $99,000 O DEBIT to Retained Eamings of $99,000 QUESTION 2 Judie Company Issues 3.000 shares of 50.01 par value common stock at $15 per share. Which of the following is part of the correct journal entry for this transaction? O CREDIT to Common Stock of $45,000 O CREDIT to Common Stock of $30 O CREDIT to Additional Paid-in Capital of $45,000 O DEBIT to Cash of $44.970 QUESTION 3 Sethco announces that it will pay a dividend of $5/share on January 3rd Sethco has 10,000 shares outstanding. The current price of each share is $36. Sethco pays the dividend on February 14th Which of the following is part of the correct journal entry that Sethco will record on February 14th O CREDIT to Cash of $360,000 CREDIT to Dividends Payable of $50,000 CREDIT to Cash of $50.000 ODEBIT to Dividends Payable of $5,000