Use the tollowing information for questions 19 & 20: A corporation purchased 10,000 shares of its $20 par common stock at $25 and subsequently sold 2,000 of the shares at $35. Assume there is a zero balance in the Paid-in Capital from Treasury Stock account prior to purchasing the 10,000 shares. 19) The journal entry to record the purchase of the 10,000 shares of stock would be Debit, Treasury Stock $250,000: Credit, Cash $250,000 Debit, Treasury Stock $200,000; Debit, Paid-in Capital from Treasury Stock, $50,000; Credit, Cash, $250,000 a) b) c) Debit, Cash $250,000; Credit, Common Stock for $200,000; Credit Paid-in Capital in d) Debit ,Cash, $250,000; Credit, Common Stock for $250,000 Excess of Par Value, $150,000 20) The journal entry to record the sale of the 2,000 shares of stock would be a) Debit, Cash $70,000: Credit, Treasury Stock $70,000 b) Debit, Cash, $70,000; Credit, Treasury Stock $50,000: Credit, Paid-in Capital from Treasury Stock, $20,000 c) Debit, Cash $50,000; Credit Common Stock for $40,000; Credit Paid-in Capital in Excess of Par Value, $10,000 d) Debit Cash, $70,000; Credit, Common Stock for $70,000 21) A company with 10,000 authorized shares of $5 par common stock issued 6,000 shares at $13. Subsequently the company declared a 5% stock dividend on a date when the market price was $20 a share. What is the amount transferred from the retained earnings account to paid-in capital accounts as a result of the stock dividend? a) $1,500 b) $2,500 c) $6,000 d) $10,000 Bonds Payable account and the Discount on Bonds Payable account have balances, respectively, of $250,000 and $20,000 at December 31, of the current year. On the balance sheet provided as of the same date the bonds will be presented at a a) $250,000 b) $270,000 c) $230,000 d) $125,000 carrying value of 3 ) If 6% bonds with a face value of $200,000 are issued at 90, the amount of cash received by the corporation issuing them is: a) $90,000 b) $180,000 c) $100,000 d) $110,000