Using the following possible account titles, for each of the below described transactions indicate in the space provided the accounts) that would be debited and credited to record the transactions. Record your answers by inserting the letter of the appropriate account title in the space provided. More than one debit/credit may be required for some transactions. BE SURE TO USE UPPER CASE AND ONE SPACE BETWEEN LETTERS IF ENTERING MORE THAN ONE LETTER A Additional Capital in Excess of Par Value - Common Stock G. Treasury Stock B. Organizational Costs Expense H. Common Stock C. Additional Capital Treasury Stock I Cash D. Stock Dividend Distributable E. Retained Earnings Appropriated J. Retained Earnings K. Contributed Capital L. Dividends Payable F. Land 1. Exchanged 5,000 shares of common stock, $10 par value for land valued at $60,000. Debit Credit 2. Sold 5,000 shares of common stock, $10 par value at $13 per share. Debit Credit 3. Issued 100 share of common stock. $10 par value in exchange for $3,000 of legal services related to formation of corporation. Debit Credit 4. Reacquired 100 shares of common stock at $11 per share (assume use of the cost method) Debit Credit 5. Appropriated retained earnings in an amount equal to treasury stock. Debit Credit 6. The board of directors declared a cash dividend of $1.00 per share. Debit Credit 7. Paid the cash dividend. Debit Credit 8. The board of directors declared a 10% stock dividend. At the time of declaration the market price of the stock was $14. Debit Credit 9. Reissued the treasury stock for 513 per share. Debit Credit 10. Distributed the stock dividend. Debit Credit