using the information below What is the amount of paid in capital in excess of par that Woods should recognize when it issued 18,000 shares of common stock on March 4 A $60,000 B $360,000 C $240,000 D $450,00 What entry should Woods make to record the purchase of its own stock on July 9 A Dr Treasury Stock $54,000 Cr Cash $54,000 B Dr Common Stock $54,000 Cr Cash $54,000 C Dr Paid in Capital in Excess of Par $54,000 Cr Cash $54,000 D Dr Cash $54,000 Cr Common Sto Woods Company reported the following amounts in the stockholders equity section of its December 31, 2020, balance sheet Preferred stock, 10 , $50 par value (10,000 shares authorized, 4,000 shares issued) $ 200,000 Common stock, $5 par value (100,000 shares authorized, 20,000 shares issued) 100,000 Paid in Capital in Excess of Par Preferred Stock 20,000 Paid in Capital in Excess of Par Common Stock 360,000 Total paid in capital 680,000 Retained earnings 450,000 Total stockholders' equity $1,130,000 During 2021, Woods took part in the following transactions concerning stockholders equity March 4 Issued 18,000 shares of common at $25 per share June 30 2 for 1 Stock Split for common stock July 9 Purchased 3,000 shares of its own outstanding common stock for $18 per share Cleves uses the cost method Aug 1 Sold 8 00 shares of treasury stock at $20 a share Oct 10 Sold 1,0 00 shares of treasury stock at $15 a share Dec 15 The preferred stock dividend is declared, and a common stock dividend of $ 50 per share is declared

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using the information below

What is the amount of paid-in capital in excess of par that Woods should recognize when it issued 18,000 shares of common stock on March 4?

. What entry should Woods make to record the purchase of its own stock on July 9?

	A.	Dr. Treasury Stock $54,000 / Cr. Cash $54,000
	B.	Dr. Common Stock $54,000 / Cr. Cash $54,000
	C.	Dr. Paid-in Capital in Excess of Par $54,000 / Cr. Cash $54,000
	D.	Dr. Cash $54,000 / Cr. Common StoWoods Company reported the following amounts in the stockholders equity section of its December 31, 2020, balance sheet.

Preferred stock, 10%, $50 par value (10,000 shares authorized, 4,000 shares issued)	$ 200,000
Common stock, $5 par value (100,000 shares authorized, 20,000 shares issued)	100,000
Paid-in Capital in Excess of Par Preferred Stock	20,000
Paid-in Capital in Excess of Par Common Stock	360,000
Total paid-in capital	680,000
Retained earnings	450,000
Total stockholders' equity	$1,130,000

During 2021, Woods took part in the following transactions concerning stockholders equity.

March 4	Issued 18,000 shares of common at $25 per share.
June 30	2-for-1 Stock Split for common stock
July 9	Purchased 3,000 shares of its own outstanding common stock for $18 per share. Cleves uses the cost method.
Aug. 1	Sold 800 shares of treasury stock at $20 a share
Oct. 10	Sold 1,000 shares of treasury stock at $15 a share
Dec. 15	The preferred stock dividend is declared, and a common stock dividend of $.50 per share is declared