33. Jade Jewelers issued 15,000 shares of $1 par value stock for $20 per share....
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33. Jade Jewelers issued 15,000 shares of $1 par value stock for $20 per share. What is true about the journal entry to record the issuance? A. Credit Common Stock $15,000. B. Credit Cash $300,000 C. Credit Common Stock $300000 D. Debit Additional Pald-in Capital $285,000. 34. The board of directors of Capstone Inc. declared a $0.60 per share cash dividend on its $1 par common stock. On the date of declaration, there were 50.000 shares authorized, 20,000 shares issued, and 5,000 shares held as treasury stock. What is the entry when the dividends are declared? 12,000 12,000 9,000 9.000 A. Dividends Dividends Payable B. Dividends Cash c. Dividends Dividends Payable D. Dividends 9.000 9,000 12,000 12,000 Cash A. Option A B. Option B C. Option C D. Option D 35. A feature common to both stock splits and stock dividends is A. That there is no effect on total stockholders' equity. B. A reduction in the contributed capital of a corporation. C. A transfer to earned capital of a corporation. D. An increase in total liabilities of a corporation
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