On November 15th, Houston Corporation repurchased 1,000 shares of its $5 par value common stock for $10 per share. On December 20th, Houston Corporation reissued 500 of the shares it repurchased on November 15th for $13 per share. The journal entry to record the December 20th transaction would be: debit Cash $6,500.credit Treasury Stock $5,000, credit Paid in Capital - Treasury Stock $1,500 debit Treasury Stock $6,500, credit Cash $6,500 debit Cash $2,500. credit Common Stock $2,500 debit Cash $6,500, credit Treasury Stock $2,500, credit Paid in Capital - Treasury Stock $4,000 Use the following to answer Questions 12 and 13: On May 1st, San Francisco Corporation issued 10,000 shares of $10 par value common stock for $30 per share. On May 17th, San Francisco Corporation issued 5,000 shares of $50 par value 10% preferred stock for $50 per share. Question 12 4 pts The journal entry to record the May 1st transaction would be: Odebit Cash $300,000, credit Common Stock $100,000, credit Paid in Capital in Excess of Par $200.000 debit Cash $300,000, credit Common Stock $300,000 debit Cash $100,000, credit Common Stock $100,000 debit Common Stock $300.000, credit Cash $300,000 The journal entry to record to May 17th transaction would be: debit Preferred Stock $250,000, credit Cash $250,000 debit Cash $250,000, credit Preferred Stock $25,000, credit Paid in Capital in Excess of Par $225.000 debit Cash $250,000, credit Preferred Stock $250,000 debit Cash $25,000, credit Preferred Stock $25.000