Transaction 4A Jan 1, Y5 To expand operations, Jensen Corporation issued 20,000 shares of previously unissued stock with a par value of $2 The selling price for the stock was $10 per share Give journal entries to record the sale of this stock a Indicate the account title to be debited by $200,000 A Accounts Receivable B Cash C Common Stock D Paid in Capital in Excess of Par E Retained Earnings Transaction 4A Jan 1, Y5 To expand operations, Jensen Corporation issued 20,000 shares of previously unissued stock with a par value of $2 The selling price for the stock was $10 per share Give journal entries to record the sale of this stock B Indicate the account title to be credited by $40,000 A Accounts Receivable B Cash C Common Stock D Paid in Capital in Excess of Par E Treasury Stock Transaction 4A Jan 1, Y5 To expand operations, Jensen Corporation issued 20,000 shares of previously unissued stock with a par value of $2 The selling price for the stock was $10 per share Give journal entries to record the sale of this stock C Indicate the account title to be credited by $160,000 A Accounts Payable B Cash C Common Stock D Paid in Capital in Excess of Par E Treasury Stock Transaction 4B Sept 1, Y5 Jensen Corporation purchased in the open market 100 shares of the companys own common stock at $25 cash per share Give journal entries to record this transaction d Indicate the account title to be debited by $2,500 A Accounts Receivable B Cash C Common Stock D Treasury Stock E None Transaction 4B Sept 1, Y5 Jensen Corporation purchased in the open market 100 shares of the companys own common stock at $25 cash per share Give journal entries to record this transaction e Indicate the account title to be credited by $2,500 A Accounts Receivable B Cash C Retained Earnings D Treasury Stock E None Transaction 4C Dec 31, Y6 Jensen Corporation has 300,000 shares of common stock authorized, 250,000 shares issued, and 30,000 shares of treasury stock The companys board of directors declares a dividend of $1 dollar per share f What is the total amount of the dividend that will be paid A $30,000 B $220,000 C $250,000 D $270,000 E $300,000

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Transaction 4A Jan. 1, Y5: To expand operations, Jensen Corporation issued 20,000 shares of previously unissued stock with a par value of $2. The selling

Transaction 4A Jan. 1, Y5: To expand operations, Jensen Corporation issued 20,000 shares of previously unissued stock with a par value of $2. The selling price for the stock was $10 per share. Give journal entries to record the sale of this stock.

a. Indicate the account title to be debited by $200,000.

	A.	Accounts Receivable
	B.	Cash
	C.	Common Stock
	D.	Paid-in Capital in Excess of Par
	E.	Retained Earnings

B. Indicate the account title to be credited by $40,000.

	A.	Accounts Receivable
	B.	Cash
	C.	Common Stock
	D.	Paid-in Capital in Excess of Par
	E.	Treasury Stock

C. Indicate the account title to be credited by $160,000.

	A.	Accounts Payable
	B.	Cash
	C.	Common Stock
	D.	Paid-in Capital in Excess of Par
	E.	Treasury Stock

Transaction 4B Sept. 1, Y5: Jensen Corporation purchased in the open market 100 shares of the companys own common stock at $25 cash per share. Give journal entries to record this transaction.

d. Indicate the account title to be debited by $2,500

	A.	Accounts Receivable
	B.	Cash
	C.	Common Stock
	D.	Treasury Stock
	E.	None

Transaction 4B Sept. 1, Y5: Jensen Corporation purchased in the open market 100 shares of the companys own common stock at $25 cash per share. Give journal entries to record this transaction.

e. Indicate the account title to be credited by $2,500

	A.	Accounts Receivable
	B.	Cash
	C.	Retained Earnings
	D.	Treasury Stock
	E.	None

Transaction 4C Dec. 31, Y6: Jensen Corporation has 300,000 shares of common stock authorized, 250,000 shares issued, and 30,000 shares of treasury stock. The companys board of directors declares a dividend of $1 dollar per share.

f. What is the total amount of the dividend that will be paid?