Question7 Your Answer Create the journal entry below. First choose Debit or Credit for the first line: Grace Company had the following transaction or transactions during the year: DEBIT or CREDIT What is the journal entry to issue 5,000 shares of $4 par, common stock for $15 per share? Your Answer Create the journal entry below. First choose Debit or Credit for the first line Question 8 Grace Company had the following transaction or transactions during the year: DEBIT or CREDIT What is the journal entry to buy back 1,000 shares of common stock for $16 per share? Question 9 Your Answer Create the journal entry below. First choose Debit or Credit for the first line Grace Company had the following transaction or transactions during the year: DEBIT or CREDIT If Grace bought back 1,000 of its shares at $16 per share, what is the entry to reissue 600 of the shares at $20 per share? Question 10 Your Answer Create the journal entry below. First choose Debit or Credit for the first line: Grace Company had the following transaction or transactions during the year: DEBIT or CREDIT If after buying back 1,000 of its shares at $16 per share and reselling 600 at $20, what would be the journal entry to resell another 200 shares at $14? Martin Company has the following accounts and balances in its Stockholders' Equity: Preferred Stock, 7% ,cumulative, $60 par 6,000 shares issued and outstanding; Common Stock, $1 stated value, 100,000 shares issued and outstanding. How much in dividends, in total, per year, is the preferred stock entitled to, if declared? Use this information to answer the following question: Your Answers (money) SUBMIT Martin Company has the following accounts and balances in its Stockholders' Equity: Preferred stock, 7% cumulative, $60 par 6,000 shares issued and outstanding; Common Stock, $1 stated value, 100,000 shares issued and outstanding. If there are two years of dividends in arrears, how much will the common stock receive, per share, if $196,600 of dividends are declared in the current year? Use this information to answer the following question: Your Answers (money) SUBMIT Question 13. If the preferred stock has a call price of $15 per share, and there are no dividends in arrears, what is the book value per share of the common stock? Kroner Company has the following Stockholders' Equity section: Preferred Stock, $10 par Common Stock, $1.70 par Retained Earnings Paid-in Capital in Excess of Par-Preferred Paid-in Capital in Excess of Par-Common Total Stockholders' Equity $86,000 340,000 2,014,000 | 35,000 20,000 Your Answers $2,495,000 (money) Use this information to answer the following question: SUBMIT