Kaselitz Corp. issued a $100,000, 9%, 5-year bond on 1/1/16. Interest is paid each June 30 and December 31. The bond sold for $104,055 to yield 8%. The effective interest method is used. Cash interest paid to the bondholders on 6/30/17 is: Select one:

a. $4,500 b. $4,000 c. $4,162 d. $9,000 e. $8.000 .

1. 10% Stock dividend (Total Market Value of dividend $1,500, Par Value $1,000) 2. Purchase of Treasury Stock for $4,000 above Par 3. Net Income $3,800 Winkel 12/31/15 Retained Earnings is: Select one:

a. $12,800 b. $12,300 c. $13,800 d. $16,300 e. $9,800

Which accounts are closed at the end of an accounting period?

Select one:

a. Both Premium on Bonds Payable and Treasury Stock

b. Premium on Bonds Payable, but not Treasury Stock

c. Treasury Stock, but not Premium on Bonds Payable

d. Neither Premium on Bonds Payable nor Treasury Stock

Landon Corporation issued 2,000 shares of $5 par value common stock and 400 shares of $40 par value preferred stock for a lump sum of $72,000 cash. What is the total credit to Additional Paid-in-Capital accounts when the market value of the common shares is $30 each and market value of the preferred shares is $50 each? (Round to nearest dollar)

Select one:

a. $44,000

b. $46,000

c. $54,000

d. $26,000

The Leverenz Company issued 10,000 shares of $10 par common stock. Sale price was $25 per share. Leverenz then: 1. Purchased 2,000 shares at $35 per share. 2. Resold 800 of the shares at $38 per share. 3. Resold 500 of the shares at $30 per share. No other stock transactions occurred. Retained Earnings was $20,000 prior to these transactions. What is the combined effect of Transactions #1 through #3 on Net Income and Total Stockholders' Equity, respectively?

Select one:

a. $0, $0

b. $0, $24,600 decrease

c. $100 decrease, $24,600 decrease

d. $100 increase, $45,400 increase

e. $100 increase, $24,500 decrease