Suppose Price Point Furniture issued 300,000 shares of its $5 par common stock at 57 per share. Which Journal entry correctly records the issuance of this stock? Common stock Cash 2,100,000 2,100,000 OB Cash 2,100,000 Common stock Paid-in capital in excess of par 1,500,000 600,000 Oc. Cash 2,100,000 Question Viewer Common stock 2,100,000 OD 2,100,000 Common stock Cash Pald-in capital in excess of par 1,500,000 600,000 Sonic Enterprises had operating expenses of $41,000. At the beginning of the year, Sonic Enterprises owed $10,000 on accrued liabilities. At year's end, accrued liabilities were $17,000. How much cash did Sonic Enterprises pay for operating expenses? A. $34,000 O B. $51,000 OC. $31,000 OD. 548,000 Cash is $19,500, net accounts receivable amounts to $7,000, inventory is $21,000, prepaid expenses total $5,200, and current liabilities are $24,000. What is the quick ratio? (Round your answer to two decimal places.) O A. 1.98 B. 2.20 O C. 1.10 OD. 1.32 Jetson Company has 14,000 shares of $2 par common stock outstanding, which the company issued at $15 per share. Jetson Company also has retained earnings of $83,000. How much is Jetson Company's total stockholders' equity? O A. $28,000 B. $210,000 O c. $293,000 OD. $182,000 Sun Systems, Inc., had accounts receivable of $27,000 at the beginning of the year and $48,000 at year's end. Revenue for the year totaled $115,000. How much cash did Sun Systems collect from customers? W O A. $94,000 O B. $190,000 OC. $142,000 OD. $163,000