Question 1:

Sylvan Heights Company issues 101,000 shares of preferred stock for $41 per share. The stock has a fixed dividend rate of 6% and a par value of $4 per share. The company records the issuance with a debit to Cash for:

Question 2:

Galaxy Industries buys back 318,000 shares of its stock from investors at $63 a share. Two years later it reissues this stock for $83 a share. The stock reissue would be recorded with a debit to Cash for: