PLEASE answer the following questions

1. As of April 1, Holy Grounds Coffee Corp. had total stockholders' equity of $102,000. During April, it wrote checks for $16,000 in salaries expense, $31,000 in prepaid expenses, and $18,000 in rent expense. Assuming no other transactions occurred during April, what is Holy Grounds Coffee Corp.'s total stockholders' equity as of April 30?

2.

If What the Pho? Corp. issues 2,000 shares of $5 par value common stock for $140,000, the required correct journal entry will include a:

(Choose all of the correct answers.)

Credit to Additional Paid-in-Capital for $10,000

Debit to Cash for $140,000

Credit to Common Stock for $140,000

Credit to Additional Paid-in-Capital for $130,000

Debit to Cash for $10,000

3.

Sue Flay's Cakery Corp. began business by issuing 40,000 shares of $5 par common stock for $8 per share, and 10,000 shares of 6%, $10 par preferred stock for par. At the end of the year, common stock had a market value of $10 per share.

On its, December 31 balance sheet, Sue Flay's Cakery Corp. would report which of the following:

(Choose all of the correct answers.)

Additional Paid-in-Capital of $120,000

Common Stock of $320,000

Common Stock of $400,000

Preferred Stock of $10,000

Common Stock of $200,000

4.

Sal Minella's Diner, Inc., reported net income of $180,000. Included in net income was depreciation expense of $26,000, and a loss on the sale of equipment for $3,000. During the year, these accounts changed as follows:

Accounts Receivable increased by $15,000

Inventory increased by $40,000

Prepaid Expenses decreased by $2,000

Accounts Payable decreased by $4,000

On the statement of cash flows, what is its net cash provided by operating activities?

5.

Anne Teak's Knick Knack Co. originally issued 2,000 shares of $10 par value common stock for $60,000 ($30 per share). It subsequently purchases 200 shares of treasury stock for $27 per share and resells these 200 shares of treasury stock for $29 per share.

In the entry to record the sale of the treasury stock, there will be a:

(Choose all of the correct answers.)

Debit to Cash for $5,800

Credit to Additional Paid-in-Capital for $400

Credit to Common Stock for $5,400

Credit to Treasury Stock for $5,400

Debit to Treasury Stock for $6,000