Clicker Question Preparation Guide #6 (Ch. 11 & 7) You will turn in this completed, handwritten worksheet on the due date from the course schedule. Approx. 6 random questions from your completed worksheet will be graded for a maximum of 6 points per assignment. 1) Homer Co. issues 9,250 shares of $2 par value common stock for $15 per share. a. What is the journal entry to record this transaction? (You may or may not need all rows of this textbox). 4250-15 Common Stock 9250 2 Cash Paid in capital in Excess of par value - common stack 135,750 18500 117,250 b. Homer Co. repurchases 1,250 of its own $2 par common stock for $19 per share. What is the journal entry to record this transaction? (You may or may not need all rows of this textbox). Treasury Stock Cash 125019 23,750 23,750 c. Assuming the above transactions represent all of the common stock activity of Homer Co., how many common shares are issued? d. Assuming the above transactions represent all of the common stock activity of Homer Co., how many common shares are in treasury? e. Assuming the above transactions represent all of the common stock activity of Homer Co., how many common shares are outstanding? 2) On Oct. 1, 2023, the board of directors of Marge Inc. declared a $1.50 per share cash dividend on 55,000 shares of $1 par value common stock. The dividend will be paid to stockholders' who own shares on Dec. 31, 2023. The dividend will be paid on Feb. 1, 2024. What journal entry, if any, is required on each of the following dates? a. Oct. 1, 2023 . Cash dividends (1.50-55,000) . dividends payable b. Dec. 31, 2023 dividends payable cash c. Feb. 1, 2024 cash dividends dividends payable 82,500 82,500 82,500 82,500 3) At the Kwik-E-Mart, Bart & Lisa use the same cash register drawer. a. What principle of internal control is being violated? b. How could a new policy improve this internal control violation? 4) The employee responsible for The Leftorium's checks keeps the checks in an unlocked desk. a. What principle of internal control is being violated?