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Splish Brothers Inc. issued 1100 shares of no-par common stock for $8800. Which of the following journal entries would be made if the stock has stated value of $3 per share? O Cash 8800 Common Stock 3300 5500 Paid-in Capital in Excess of Stated Value O Cash 8800 Common Stock 3300 Paid-in Capital in Excess of Par 5500 O Common Stock 8800 Cash 8800 O Cash 8800 Common Stock 8800 The board of directors of Pina Colada Corp. declared a cash dividend of $1 per share on 40000 shares of common stock on July 15, 2017. The dividend is to be paid on August 15, 2017, to stockholders of record on July 31, 2017. The effects of the journal entry to record the payment of the dividend on August 15, 2017, are to O increase stockholders' equity and decrease assets. decrease stockholders' equity and decrease liabilities. decrease liabilities and decrease assets. O increase stockholders' equity and increase liabilities. Novak Corp.had the following transactions during 2017: 1. Issued $325000 of par value common stock for cash. 2. Recorded and paid wages expense of $156000. 3. Acquired land by issuing common stock of par value $130000. 4. Declared and paid a cash dividend of $26000. 5. Sold a long-term investment (cost $7800) for cash of $7800. 6. Recorded cash sales of $1040000. 7. Bought inventory for cash of $416000. 8. Acquired an investment in Zynga stock for cash of $54600. 9. Converted bonds payable to common stock in the amount of $1300000. 10. Repaid a 6-year note payable in the amount of $572000. What is the net cash provided (used) by investing activities? O $1123200. $551200 ($176800). O ($46800)

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