Question 3 1 pts Manny Pacquiao, Inc. has 1.000 shares of $1 par common stock outstanding. On March 1. Pacquiao repurchased 200 shares of treasury stock at $30 per share. The entry would include a: Debit to Cash of $6,000 O Debit to treasury stock for $6,000 Credit to treasury stock $6,000 Debit to treasury stock for $200 Question 5 1 pts The purchase of treasury stock for cash will have which effect upon the following items? Total Assets; Total Stockholders' Equity; Shares Issued; Shares Outstanding Decrease: Decrease: None; Decrease Decrease; Decrease: Decrease; Decrease None: Increase: None; Decrease Increase: Decrease, Increase; Decrease Question 7 1 pts A transaction resulting in a liability may require payment to a supplier require the performance of a future service O All of the other choices are correct O be accompanied by the recording of an expense