Question 36 8 points Save Answe On March 1, 2020 Jaguar River repurchases 30 shares of its own $1 par value common stock at $20 per share. On May 1, 2020 (two months later). Jaguar River resells the 30 shares of treasury stock for $30 per share. What is the entry on May 1, 2020 to record reselling the treasury stock? Cash $900 . Treasury Stock $900 Cash $900 Treasury Stock Additional Paid in Capital OB. $600 $300 Cash $900 . Common Stock Treasury Stock $300 $600 $600 Treasury Stock Cash OD. $600 Question 37 8 points Save Answer Which of the following account(s) are contra accounts? Treasury Stock . Dividends . Both Dividends and Treasury Stock . Dividends Payable OD. Question 38 8 points Save An A company has 2,000 authorized shares of stock and 1,000 outstanding shares. On March 1, 2020 the board of directors declare a cash dividend of $1 per share outstanding to be paid on March 30, 2020. What will be the journal entry on March 1, 2020? No Entry until March 30, 2020 O A. Dividends $1,000 . Dividend Payable $1,000 $1,000 Dividends Cash . $1,000 $1,000 Dividend Expense Dividends OD $1.000 Question 39 8 points Save Ans Flip Flop Farm issued 2,000 shares of $1 par value stock for $10 a share. The journal entry to record this transaction would include a to Additional Paid in Capital. Debit of $18,000 OA. Credit of $18.000 OB. Debit of $2,000 OC. Credit of $2,000 OD