1)

Emma Systems, Inc. declared and issued a 75 percent stock dividend. The company has 720,000 shares authorized and 43,663 outstanding. The par value of the stock is $0.9 per share and the market value is $8 per share.

To record the stock dividend, the debit to Retained Earnings would be $_______

2)

Shepherd Companys Stockholders equity is as follows:

Common Stock, $ 1 par $14,978

Additional PIC 23,357

Treasury Stock, $ 6 $ 4,159

How many treasury shares are owned by the company? Round to a whole number

3) Ava Consulting issued 1,140 shares of previously unissued common stock with a par value of $3 The selling price for the stock was $6 per share.

The credit to Common Stock would be $_________

4) Emma Consulting had previously purchased 3,360 shares of treasury stock for $6 per share. Emma then sold 855 shares of the treasury stock for $13 per share.

The credit to treasury stock to record the sale would be $_________