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If a corporation issues 4,000 shares of $1 par value common stock for $8,000, the journal entry would include a credit to:

A. Common Stock for $8,000.
B. Paid-in Capital in Excess of Par—Common for $8,000.
Common Stock for $4,000.
D. Retained Earnings for $4,000.

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If a corporation issues 5,000 shares of $5 par value common stock for $95,000, the journal entry would include a credit to:

A. Common Stock for $95,000.
B. Paid-in Capital in Excess of Par—Common for $95,000.
Common Stock for $70,000.
D. Paid-in Capital in Excess of Par—Common for $70,000.

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When 100 shares of $1 par value Common Stock are issued at $25 per share, Paid-in Capital in Excess of Par—Common will:

A. increase $100.
B. increase $2,500.
C. increase $2,400.
D. stay the same.

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Lewandowski Company reports the following information at the fiscal year end of December 31, 2015:Common Stock, $0.10 par value per share$88 millionPaid-in Capital in Excess of Par—Common700 millionRetained Earnings800 millionTotal Stockholders' Equity$1,588 millionWhatisthetotalpaid-incapitalforthiscompanyatDecember31,2015?

A. $88million
B. $788million
C. $888million
D. $1,588million

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Gruber Law Offices paid $54,000 to buy back 9,000 shares of its $1 par value common stock. The stock was sold later at a selling price of $10 per share. The journal entry to record the sale would include a:

A. credit to Paid-in Capital from Treasury Stock Transactions $54,000.
B. debit to Common Stock $54,000.
C. credit to Paid-in Capital from Treasury Stock Transactions $36,000.
D. credit to Common Stock $36,000.

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If a corporation issues 4,000 shares of $1 par value common stock for $8,000, the journal entry would include a credit to:

A. Common Stock for $8,000. B. Paid-in Capital in Excess of Par—Common for $8,000. Common Stock for $4,000. D. Retained Earnings for $4,000.

If a corporation issues 5,000 shares of $5 par value common stock for $95,000, the journal entry would include a credit to:

When 100 shares of $1 par value Common Stock are issued at $25 per share, Paid-in Capital in Excess of Par—Common will:

Gruber Law Offices paid $54,000 to buy back 9,000 shares of its $1 par value common stock. The stock was sold later at a selling price of $10 per share. The journal entry to record the sale would include a:

A. Common Stock for $8,000.
B. Paid-in Capital in Excess of Par—Common for $8,000.
Common Stock for $4,000.
D. Retained Earnings for $4,000.