Clicker Question Preparation Guide: Ch. 11 Clicker questions will be asked in class based on your completion of this preparation guide. Y will not have time to complete this guide ou class! 1) Jack Son Co. issues 3,000 shares of $1 par value common stock for $7 per share. a. What is the journal entry to record this transaction? ou may or may not need all rows of this textbox) b. Jack Son Co. repurchases 500 of its own common shares for Treasury for $5 per share. What is the journal entry to record this transaction? You may or may not need all rows of this textbox) c. Assuming the above transactions represent all of the common stock activity of Jack Son Co., how many common shares are issued? d. Assuming the above transactions represent all of the common stock activity of Jack Son Co., how many common shares are in treasury? e. Assuming the above transactions represent all of the common stock activity of Jack Son Co., how many common shares are outstanding? 2) On Dec. 1, 2013, the board of directors of Join Us Inc. declared a $3.00 per share cash dividend on 100,000 shares of $1 par value common stock. The dividend will be paid to stockholders' who own shares on Dec. 25, 2013. The dividend will be paid on Jan. 10, 2014. What journal entry, if any, is required on each of the following dates? 2013 b Dec. 25, 2013 c, Jan. 10, 2014