Question 1 Which of the following is a benefit of selling stock to raise money versus debt? Bond interest is tax-deductible. O Bond owners have no voting rights. O Dividends can be paid whenever a company decides Dividends must be paid every year. Question 2 What is the journal entry for the sale of 10,000 shares of $2 par value common stock for $13/share? Debit Common Stock 20,000; Credit Cash 20,000 Debit Cash 20,000; Credit Common Stock 20,000 Debit Cash 130,000; Credit Common Stock 130,000 Debit Cash 130,000; Credit Common Stock 20,000, Credit Paid in Capital in Excess of Par-Common 110,000 Question 3 What is the journal entry for the sale of 4,000 shares of no-par common stock for $12/share? Debit Common Stock 48,000; Credit Cash 48,000 Debit Cash 48,000; Credit Common Stock 48,000 No entry is required for no par common stock Debit Cash 48,000; Credit Common Stock 4,000, Credit Paid-In Capital in Excess of Par-Common 44,000