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Question 23 (3 points) Code Letters: A-Common Stock B-Treasury Stock C-Paid in Captial in excess of par D Cash E Preferred Stock Use Code Letter

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Question 23 (3 points) Code Letters: A-Common Stock B-Treasury Stock C-Paid in Captial in excess of par D Cash E Preferred Stock Use Code Letter Above to Answer 1. Issued 4,000 shares of $100 par preferred stock at $107 for cash. What account(s) would you debit? 2. Issued 4,000 shares of $100 par preferred stock at $107 for cash. What account(s) would you credit? 3. Issued 8,000 share of common stock with a par value of $10 for $110,000. What account(s) would you debit? 4. Issued 8,000 share of common stock with a par value of $10 for $110,000. What account(s) would you credit? 5. Purchased 500 shares of treasury common stock for $12,000. What account(s) would you debit? 6. Purchased 500 shares of treasury common stock for $12,000. What account(s) would you credit? IF MORE THAN ONE ACCOUNT AFFECTED, LIST LETTERS ALPHABETICALLY WITH NO SPACE NO COMMA SPACE, NO COMMA. Blank # 1 Blank # 2 Blank # 3 Blank # 4 Blank # 5 Blank # 6

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