Answered step by step
Verified Expert Solution
Question
1 Approved Answer
thank you! Question 1 5 pts Perry's Pet Palace sold 180,000 shares of its $25 par value common stock for $29.50 per share. In recording
thank you!
Question 1 5 pts Perry's Pet Palace sold 180,000 shares of its $25 par value common stock for $29.50 per share. In recording the journal entry, there should be how much of a credit to Additional Paid-In Capital? Please round your answers to the nearest whole dollar, use proper commas, and do not use dollar signs. 4,500,000 810,000 5,310,000 none of the above 8000 Question 2 5 pts If Perry's purchased 5,000 shares of it's own stock at $25, the correct journal entry would include (please mark all that apply): dr. Cash 125,000 cr. Cash 125,000 dr. Treasury Stock 125,000 cr. Treasury Stock 125,000 Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started