Multiple choice question

CALCULATOR PRINTER VERSION BACK NEXT Multiple Choice Question 103 SheridanCompany is authorized to issue 10000 shares of 1000096, $100 par value preferred stock and 458000 shares of no-par common stock with a stated value of $1 per share. If Sheridan issues 5000 shares of preferred stock for land with an asking price of $569000 and a market value of $542000, which of the following would be the journal entry for Sheridan to record? O Land O Land O Land 542000 Preferred Stock 542000 500000 Preferred Stock 500000 569000 500000 Preferred Stock 69000 Paid-in Capital in Excess of Par-Preferred 542000 Land 500000 42000 Preferred Stock Paid-in Capital in Excess of Par-Preferred ORen Show Work Click if you would like to Show Work for this question: LINK TO TEXT Question Attempts: O of 1 used SAVE FOR LATERSUBMI Weygandt, Accounting Principles, 13e Help I System Announcements CALCULATOR PRINTER VERSION BACK NEXT ultiple Choice Question 104 aterway, Inc. has 26500 shares of 690, $100 par value, noncumulative preferred stock and 48400 shares of $1 par value common tock outstanding at December 31, 2021. There were no dividends declared in 2020. The board of directors declares and pays a $265000 ividend in 2021. What is the amount of dividends received by the common stockholders in 2021? O$26500o O $159000 $106000 Qpen Show Work Click if you would like to Show Work for this question: LINK TO TEXT Question Attempts: 0 of 1 used SAVE FOR LATER SUBHIT