Skyson Inc. is authorized to issue 10000 shares of 8% $100 par vale preferred stock and 570000 shares of nepar common stock with a stated value of $1 per share. Skysong issues 10000 shares of common stock to say its recent attorney's bill of $4900 for legal services on a land access dispute, which of the following would be the best journal entry for Sesong to record Legal Expense Common Stock 10000 Legal Expense Common Stock Legal Expense Common Stock Pad Capitalists of State Value Common 10000 32000 Common Stock Paldin Capital in Excess of Par value. Common 10000 39000 A corporation purchases 22000 shares of its own $20 par common stock for $25 per share, recording it at cost What will be the effect on total stockholders equity? Increase by $550000 Decrease by $440000 Decrease by $550000 Decrease by $110000 Outstanding stock of the Nash's Corporation included 30000 shares of a common stock 8000 shares of and paid dividends of $15000. How much of the 2020 dividend was distributed to preferred shareholders $10 non cump eredaka 201 1500000 $5500 $4000 None of these wer choices are correct