QUESTION 16 M&T Bank issued shares of preferred stock at a market price that was greater than the preferred stock's par value. The entry the company should record on issuance of the preferred stock would include a credit to a Retained Earnings b. Cash Additional Pardin Capital d. Treasury Stock QUESTION 17 Aero in purchased supplies for $2.400 at the beginning of the year. A check of the Supplies Cabinet at the end of May shows 5000 of supplies left. Alfiero inc. has not recorded any entre other than the initial entry to record the purchase at the beginning of the year. What adjustingura bry should Alter Inc. record at the end of May! Dr. Supplies Expense 51.600 Cr. Supplies 51,600 Dr. Swoles 52.400 Supplies Experts $2.400 Dr. Sueles Expense 5800 5800 Dr. Spoles 52.400