Mike's Pharmacy sold merchandise with a selling price of $2, 500 to customers for cash. They also collected sales taxes of $300 for the day. The pharmacy uses the perpetual inventory system but ignore cost of Goods sold. The journal entry to record this information has. debit to Cash of $2, 800. debit to Sales Tax Expense $300 credit to Sales $2, 800. debit to Sales Tax Payable $300 Bloom Corporation issued 20,000 shares of common stock. Bloom purchased 2,000 shares and later reissued 1,000 shares. How many shares are issued and outstanding? 18,000 issued and 18,000 outstanding 20,000 issued and 18,000 outstanding 19,000 issued and 19,000 outstanding 20,000 issued and 19,000 outstanding Wetzel, Inc, has 20,000 shares of cumulative preferred stock outstanding, with annual dividends paid at a rate of $2 per share. Wetzel. Inc. also has 40,000 shares of common stock outstanding. Preferred dividends were passed in the prior year. If Wetzel, Inc. declares a $200,000 dividend, each outstanding shine of common stock would receive: $2.00. $3.00. $4.00. $5.00. Corrao Foods Corporation has 2.000 shares of 6%, $50 par value, cumulative preferred stock and 150,000 shares of $1 par value common stock outstanding at December 31, 2013 and December 31, 2014. In 2013. a $5,000 dividend was declared and paid. In 2014, $32,000 of dividends are declared and paid. What are the dividends received by the preferred stockholders in 2014? $3,000 $6,000 $7,000 $12,000 Zeman, Inc. declares and distributes a 10% common stock dividend when it has 20,000 shares of $10 par value common stock outstanding. If the market value of the common stock is $25, the journal entry to record the stock dividend would include a: credit to Common Stock $50,000. credit to Common Stock $30,000. credit to Paid-in Capital in Excess of Par-Common $30,000. credit to Paid-in Capital in Excess of Par-Common $20,000. The Good Word Store reported the following figures