Need help with these questions!!!!

23. A company's board of directors votes to declare a cash dividend of $1.55 per share of common stock. The company has 31,000 shares authorized, 26,000 issued, and 25,500 shares outstanding. The total amount of the cash dividend is:

$40,300.

$47,050.

$48,050.

$79,825.

$39,525.

24. Hewlett and Martin are partners. Hewlett's capital balance in the partnership is $64,000, and Martin's capital balance $61,000. Hewlett and Martin have agreed to share equally in income or loss. Hewlett and Martin agree to accept Black with a 25% interest. Black will invest $35,000 in the partnership. The bonus that is granted to Black equals:

$5,000.

$3,333.

$6,667.

$2,500.

$0, because Black must actually grant a bonus to Hewlett and Martin.

25. A corporation issued 110 shares of its $5 par value common stock in payment of a $1,900 charge from its accountant for assistance in filing its charter with the state. The entry to record this transaction will include:

A $550 debit to Organization Expenses.

A $1,900 credit to Cash.

A $1,350 credit to Paid-in Capital in Excess of Par Value, Common Stock.

A $1,900 debit to Legal Expenses.

A $1,900 credit to Common Stock.