QUESTION 21 Dividends are declared out of A Capital Stock B. Paid-in Capital in Excess of Par C.Treasury Stock D. Retained Earnings QUESTION 22 On January 1, 2017, Meeks Corporation issued S5 ,000,000. 10-year, 4% bonds at 102. Interest is payable annually on January 1 record this transaction on January 1, 2017 is OA Cash The journal entry to 5,000,000 Bonds Payable ,000,000 B. Cash 5,100,000 Bonds Payable Premium on Bonds Payable ,000,000 100,000 C. Cash 5,100,000 Bonds Payable 5,100.000 D. Premium on Bonds Payable 100,000 5.000,000 Cash Bonds Payable 5,100,000