share. The journal entry to record the sale would include a: (Do not round intermediate calculations.) O A. credit to Common Stock $180,000. OB. credit to Paid - in Capital from Treasury Stock Transactions $180,000 OC. credit to Paid - in Capital from Treasury Stock Transactions $60,000 OD. debit to Common Stock $60,000. Lisa Laskowski Company reports the following information at the current fiscal year end of December 31: Common Stock, $0.10 par value per share Paid - in Capital in Excess of Par - Common Retained Earnings Total Stockholders' Equity $88 million 600 million 800 million $1,488 million What was the average selling price for the common stock issued? (Round your final answer to the nearest cent.) O B. $0.78 per share O C. $0.10 per share OD. $0.91 per share On June 1, Neighbor Company purchased inventory on account with a cost of $4,000. The credit terms were 2/10, net 30. On June 2, Neighbor returned 40 percent of the inventory. Neighbor uses the perpetual inventory system. On June 8, Neighbor paid for the inventory. What journal entry did Neighbor Company prepare on June 8? O A. debit Purchase Discount for $48, debit Cash for $2,352 and credit Accounts Payable for $2,400 OB. debit Accounts Payable for $2,400, credit Inventory for $48 and credit Cash for $2,352 O C. debit Accounts Payable for $2.400 credit Purchase Discount for $48 and credit Cash for $2,352 OD. debit Accounts Payable for $1,600 and credit Cash for $1,600 On January 1, 2019, plant assets, net are $220,000. On December 31, 2019. plant assets, net are $250.000. Depreciation expense for the year is $19,000. During the year, plant assets were acquired for $147,000 with cash. There is a Gain on sale of plant asset of $8,000. What is the book value of the plant asset sold during the year? O A. $117,000 OB. $90,000 OC. $0 OD. $98,000 Kathy's Corner Store has total cash sales for the month of $33,000 excluding sales taxes. If the sales tax rate is 5%, which journal entry is needed? (ignore Cost of Goods Sold.) O A. debit Cash $33,000 and credit Sales Revenue $33,000 OB. debit Cash $34,650, credit Sales Revenue $34,650 O C. debit Cash $34,650, credit Sales Revenue $33,000 and credit Sales Tax Payable $1,650 OD. debit Cash $31,350, debit Sales Tax Receivable for $1,650 and credit Sales Revenue for $33,000 Solderman Company issued $550,000, 8%, 10-year bonds for $452,800 with a market rate of 10%. The effective interest method of amortization is used and interest is paid annually. The journal entry on the first interest payment date would include a: O A. credit to Cash of $45,280. O B. credit to Cash of $44,000. OC. credit to Interest Expense of $44,000. OD. credit to interest Expense of $45,280