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please answer the 2 questions! 26. On Jaly 1, 2025. WidCats Compary kcoured 5,000 shars of itc $1 par value common stock at $5 per
please answer the 2 questions!
26. On Jaly 1, 2025. WidCats Compary kcoured 5,000 shars of itc $1 par value common stock at $5 per share. The journal entry to recoru thit purchase of its common stockincludes: (u) Dr Comenan stock 29,000 (b) Dr. Treasury stock 25,000 (a) ce: Cash 5,000 fuCr. Treusury stock 25000 Question 27 27. On luly 1 , the directors of WildCats Company declareda $1.50 per share cash dividend on 100,000 shares of $10 pur value common stock, The journal entry on the declaration date includes: Gai Dr Cash dividends 150000 (bb: Dr: Dividents pavable 150000 (d) Cr. Common stock 150.000 C) Gri Cish dividends 150000 Step by Step Solution
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