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On January 1st, ZYX company purchased 1,500 shares of its own stock at $23 per share. On January 20th, ZYX later reissues or sells 375 shares of treasury stock for \$17 per share. On January 20th, the balance in Additional paid in capital-Treasury stock is credit balance of $0. What is the amount debited to Retained earnings on January 20th? Your Answer: Answer Question 2 ( 4 points) On January 1st, ZYX company purchased 1,100 shares of its own stock at \$36 per share. On January 20th. ZYX later reissues or sells 406 shares of treasury stock for $42 per share. What is the amount credited to Treasury stock on January 20 th? Your Answer: Answer On January 1st, DEF company has 111,000 shares authorized, 95,000 shares issued and 76,000 shares outstanding. On January 1st, DEF declares a dividend of $8 to shareholders of record on January 15 th. On February 1 st, DEF will pay the dividend. What is the dollar amount of dividends declared on January 1 st? Your Answer: Answer Question 4 (4 points) ABC issues 1,000 shares of common stock to investors on January 1 for cash, with the investors paying cash of $15 per share. The stated value of the stock is $2 per share. What is the amount applied to common stock? Your Answer: Answer ABC issues 22,000 shares of preferred stock to investors on January 1 for cash. The 5%$16 par value preferred shares are sold $13 per share. What is the amount applied to preferred stock? Your

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