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  3. 3 points entity h issued 4,000 shares of its $2 pa

3 points Entity H issued 4,000 shares of its $2 par value common stock for...

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Accounting

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3 points Entity H issued 4,000 shares of its $2 par value common stock for $15 per share. Which of the following statements is correct? Hint: Make the journal entry first. Cash should be credited for $60,000 Common stock should be credited for $8,000. Paid-in-capital-in-excess-of-par-value should be debited for $52,000. Common stock should be credited for $60,000. 3 points Entity C purchased an industrial generator on January 1,2024 for $6,600. It was originally depreciated on a straight-line basis over three years with no salvage value. December 31, 2025, before adjusting entries had been made, the company decided to change the total estimated useful life to 5 years (including 2024 ). What was the depreciation expense for 2025 ? Round to the nearest dollar if necessary. $1,100.$2,200.$1,467$880 3 points On January 1,2024 , Entity D issued $1,000,000 of 6%,5-year bonds at 104 . The bonds pay interest annually on December 31 and Entity D amortizes any premium or discount using the straight-line method. What is the annual interest expense on the bonds? $67,000.$60,000$8,000.$52,000

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