OMIT 16) Green Services invests its excess cash in Creative Technologies and acquires 1,000 shares for $83.25. Green Services owns less than 1% of Creative's voting stock and plans to hold the stock for two years. While preparing the journal entry to record this transaction: A) Long-term Investments-Trading Investments will be credited for $53,250. B) Long-term Investments - Equity will be debited for $53,250. Long-term Investments-Held-to-Maturity will be debited for $63,250. D) Long-term Investments - Significant Interest Investments will be debited for $53,250. Rick Co. purchasey7,000 shares of its own $2 par value common stock for $160 per share. Which of the following is the correct journal entry to record this transaction? A) Debit Cash $2,240,000 and credit Treasury Stock-Common $2,240,000. LNT B) Debit Common Stock-$2 Par Value $2,700,000 and credit Cash $2,240.000. Debit Cash $2,240,000, and credit Paid In Capital in Excess of Per-Common $2,240,000. D) Debit Treasury Stock-Common $1,120,000 and credit Cash $1,120,000. OM The balance in the Bonds Payable Account is a credit of $68,000. The balance in the Premium on Bonde Payable Account is a credit of $900. How much is the bond carrying amount? 4 $900 B) $68,300 $67,100 D) $68,000 17) Maurice Corporation invested $100,000 to acquire 20,000 shares of Delta Technologies on March 1, 2015. On July 2, 2015, Delta pays a cash dividend of $0.25 per share. The investment is classified as ani EQrty investment. Which of the following is the correct journal entry to record the transaction on July 2, 2015? A) CASH 5,000 Long-term Investments-Available-for-Sale 5,000 Cash 5,000 Long-term Investments-Trading Investments 5,000 emit 5,000 Cash Long-term Investments Held-to-Maturity 5,000 5,000 D) Cash Dividend Revenue 5,000