please answer the following question
V Homework 0 Unanswered For Questions 4 through 9, use the following information XYZ Corp. issues common stock on 1/1/2018. All Shareholders' Equity accounts have a $ 0 as of that day. On 1/1/2018, they issue 20,000 shares of $1 par common stock (they are authorized to issue 55,000 shares). The issue price of the shares was $26/share. On 4/5/2018, XYZ repurchases 3,000 shares of their common stock at the market price of $29/share. They are not retiring the shares. On 7/19/2018, they sell 1,000 of those shares at the market price of $25/share; on 9/15/2018 they sell an additional 1,000 shares at the new market price of $29/share. During 2018, XYZ reports net income of $114,500. They declare a cash dividend of $11,500 on 11/30/2018. XYZ's policy is to pay dividends 60 days after they are declared. As of 1/31/2018, what are the balances in XYZ's equity account(s)? O A Common Stock $20,000 and PIC-Excess of par$ 500,000 O B Common stock 5 55,000 and PIG-Excess of par$ 1,375,000 O C Common stock 5 520,000 O D Common stocks 1,430,000 0 E Common stock $20,000; PIC-Excess of par 5 500,000; Treasury Stock $ 910,000 For Questions 4 through 9, use the following information XYZ Corp. issues common stock on 1/1/2018. All Shareholders' Equity accounts have a $ 0 as of that day. On 1/1/2018, they issue 20,000 shares of $1 par common stock (they are authorized to issue 55,000 shares). The issue price of the shares was $26/share. On 4/5/2018, XYZ repurchases 3,000 shares of their common stock at the market price of $29/share. They are not retiring the shares. On 7/19/2018, they sell 1,000 of those shares at the market price of $25/share; on 9/15/2018 they sell an additional 1,000 shares at the new market price of $29/share. During 2018, XYZ reports net income of $114,500. They declare a cash dividend of $11,500 on 11/30/2018. XYZ's policy is to pay dividends 60 days after they are declared. The repurchase of shares on 4/5/2018 has which effect: O A Increase shareholders' equity by 5 87,000 O B Decrease shareholders' equity by S 87,000 O C Decrease common stock by 5 3,000 O D Increase common stock by 5 3,000 O E None of the above For Questions 4 through 9, use the following information XYZ Corp. issues common stock on 1/1/2018. All Shareholders' Equity accounts have a $ 0 as ofthat day. On 1/1/2018, they issue 20,000 shares of $1 par common stock (they are authorized to issue 55,000 shares). The issue price of the shares was $26/share. On 4/5/2018, XYZ repurchases 3,000 shares of their common stock at the market price of $29/share. They are not retiring the shares. On 7/19/2018, they sell 1,000 of those shares at the market price of $25/share; on 9/15/2018 they sell an additional 1,000 shares at the new market price of $29/share. During 2018, XYZ reports net income of $114,500. They declare a cash dividend of $11,500 on 11/30/2018. XYZ's policy is to pay dividends 60 days after they are declared. As of 12/31/2018, the balance in the Treasury stock account is O A Debitof$30,000 O B Credit of$ 30,000 O c Debit of$ 29,000 0 D Credit of$ 29,000 For Questions 4 through 9, use the following information XYZ Corp. issues common stock on 1/1/2018. All Shareholders' Equity accounts have a $ 0 as ofthat day. On 1/1/2018, they issue 20,000 shares of $1 par common stock (they are authorized to issue 55,000 shares). The issue price of the shares was $26/share. On 4/5/2018, XYZ repurchases 3,000 shares of their common stock at the market price of $29/share. They are not retiring the shares. On 7/19/2018, they sell 1,000 of those shares at the market price of $25/share; on 9/15/2018 they sell an additional 1,000 shares at the new market price of $29/share. During 2018, XYZ reports net income of $114,500. They declare a cash dividend of $11,500 on 11/30/2018. XYZ's policy is to pay dividends 60 days after they are declared. When recording the share resale of 9/15/2018, which of the following is part of thejournal entry? O A Debit common stock 5 1,000 O B Credit treasury stock 3 32,000 0 C Debit treasury stock $ 29,000 0 D Credit paid-in-capital: share repurchase $, 3,000 O E Credit retained earnings $ 3,000 For Questions 4 through 9, use the following information XYZ Corp. issues common stock on 1/1/2018. All Shareholders' Equity accounts have a $ 0 as of that day. On 1/1/2018, they issue 20,000 shares of $1 par common stock (they are authorized to issue 55,000 shares). The issue price of the shares was $26/share. On 4/5/2018, XYZ repurchases 3,000 shares of their common stock at the market price of $29/share. They are not retiring the shares. On 7/19/2018, they sell 1,000 of those shares at the market price of $25/share; on 9/15/2018 they sell an additional 1,000 shares at the new market price of $29/share. During 2018, XYZ reports net income of $114,500. They declare a cash dividend of $11,500 on 11/30/2018. XYZ's policy is to pay dividends 60 days after they are declared. How many outstanding shares of common stock will XYZ report as of 12/31/2018? 0 A 55,000 0 B 20,000 O C 17,000 0 D 19,000 O E 35,000 For Questions 4 through 9, use the following information XYZ Corp. issues common stock on 1/1/2018. All Shareholders' Equity accounts have a $ 0 as of that day. On 1/1/2018, they issue 20,000 shares of 51 par common stock (they are authorized to issue 55,000 shares). The issue price of the shares was $26/share. On 4/5/2018, XYZ repurchases 3,000 shares of their common stock at the market price of $29/share. They are not retiring the shares. On 7/19/2018, they sell 1,000 of those shares at the market price of $25/share; on 9/15/2018 they sell an additional 1,000 shares at the new market price of $29/share. During 2018, XYZ reports net income of $114,500. They declare a cash dividend of $11,500 on 11/30/2018. XYZ's policy is to pay dividends 60 days after they are declared. What is the balance in XYZ's retained earnings account as of 12/31/2018? 0 A $ 114,500 0 B $103,000 0 c 5 104,000 0 D $99,000 O E $102,000
