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Wobbly Eim, lhe. repurchased 10,000 shares of its own stock for 550 per share. The stock had a sto par value. What is the joumat

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Wobbly Eim, lhe. repurchased 10,000 shares of its own stock for 550 per share. The stock had a sto par value. What is the joumat enfly to record this transation? Debit Cash 100,000 Credit Treasury Stock 100,000 Debit Treasury Stock 500,000 Crodit Cash .500,000 Dobit Treasury Stock 100,000 Credit Cach 100,000 Dobn Cash 500,000 Credit Treasury 8900k500,000 On March 1, Rose Vidno, the declared the anncal ofth dividond on ks 12,000 shares of preferred stock and a 53 pec shire dividend for the ocmmen shraholfers. Fhe dividends will be paid on Septerber 30 to the shareboldors of record on August 15 On the date of dectaration. Roes Video. Ine. wil make a journal entry. Thie account trat is debitod is Bob's Auto, Inc, issued 20,000 shares of $5 par value common stock for 55 cash per share. What is the journal entry to tocord this transaction? Debit Preferred Stock 100,000 Credit Cash 100,000 Dobit Cash 100,000 Credi Common Slock 100,000 Debit Common Slock 100,000 Croot Cash 100,000 Debit Cash 100,000 Credit Preferred Slock 100,000 Tropical Cate, inc, had the ffllowing stock issued and outstanding on January 1, Year: 140,000 shares of 510 par common stock 10,000 tharns of $100 par, 5 pereent, noncumuative prelemed stock divibends will be paild on September 30 to the thareholders of recond on August 15. The amount of divisends paid 10 the common slockhoisers is asd the amount of the dividenss for the preferred ateick is

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