to attorneys in payment of a 55,000 charge for drawing up the articles of incorporation henry to record this transaction would include a. A debit to Organization Expenses for $4.000. b. A debit to Organization Expenses for $5.000. c. A credit to Common Stock for $5,000. d. A credit to Paid-in Capital in Excess of Par Value, Common Stock for $5,000 18. A company issued 70 shares of $30 par value preferred stock for $4,000 cash. The journal ent to record the issuance is: a. Debit Cash $2,100; credit Preferred Stock $2,100. b. Debit Investment in Preferred Stock $2,100; credit Cash $2,100. c. Debit Cash $4.000; credit Preferred Stock $4,000. d. Debit Cash $4,000; credit Preferred Stock $2,100, credit Paid-in Capital in Excess of Par Value, Preferred Stock $1,900. 19. A company issued 170 shares of $100 par value common stock for $20,200 cash. The total amount of paid-in capital in excess of paris: a $100. b. $1,700. c. $3,200. d. $17,000. 20. On January 1, Forward Company issues bonds that have a $28,000 par value, mature in years, and pay 6% interest per year. Interest payments are paid to bondholders semiannuall- June 30 and December 31. How much interest does Forward Company pay to bondholders six months if the bonds are sold at par? a. $840 b. $1,680 c. $3,360 d. $8,400