On Jan 1, 2019, Jets Co. issued $2,000,000, 5% bonds, maturing on Jan 1, 2026. These bonds issued for $2,120,045, yielding 4%. Jets Co. uses the "effective interest" method to amortize bond premiums. Interest is payable annually on Dec 31. As of Dec 31, 2019, the "adjusted" balance in the Bond Payable account should be O a. $2,104,847.00 O b. $2,000,000.00 Oc. $2,135,243.00 Od. $2,120,045.00 Mountain Dog Co. was "organized" on Jan 1, 2019, with 3,000,000 authorized no par value common shares. Throughout 2019, Mountain Dog Co. had the following share transactions: Jan 16 Issued 1,200,000 shares at $10 per share Mar 6 Issued 400,000 shares at $11 per share May 20 Purchased 150,000 shares at $12 per share and cancelled them Jul 2 Issued 300,000 shares at $13 per share Aug 31 Issued 100,000 shares at $14 per share The total amount in the Common Shares account at December 31, 2019 is O a. $2,170,000.00 O b. $1,990,000.00 Oc. $2,016,250.00 O d. $2,007,250.00 Stockholm Co. incorporated in the preceding year. Stockholm Co. issued 1,000,000 no par value common shares for $12,000,000. Earlier in the year, Stockholm Co. purchased 40,000 of these shares at $15 per share. These shares were to be held in the treasury. 3 months later, Sotckholm Co. sold 20,000 treasury shares at $19 per share. No other treasury share transactions occurred. For the sale of 20,000 treasury shares, Sotckholm Co. should credit: O a Treasury Shares for $300,000 and Contributed Surplus for $80,000. b. Treasury Shares for $200,000 and Contributed Surplus for $180,000. O Treasury Shares for $380,000. Od. Treasury Shares for $300,000 and Retained Earnings for $80,000. Dubrovnik Co. has 200,000 no par value common shares currently outstanding. They have a carrying value of $2,000,000. Dubrovnik Co. also has 100,000 no par value, $0.60, cumulative, fully participating preferred shares. They have a carrying value of $1,000,000. Dividends for these preferred shares are 1 year in "arrears". If Dubrovnik Co. wants to distribute $540,000 of dividends, the common shareholders would receive: O a $120,000.00 O b. $420,000.00 Oc. $220,000.00 Od. $320,000.00