Simple MCQ question from Financial Accounting. Please solve it ASAP!!!

On January 12. Year 1. Gilliam Corporation issued 550 shares of $12 par-value common stock for $15 per share. Which of the following describes the effect of the January 12 transaction on the elements of the financial statements? + Rev. NA Net Inc. NA A + + - Assets 6,600 8,250 8,250 8,250 Liab. NA NA NA Com. Stk. 6,600 8,250 6,600 6,600 Pd-in Excess NA NA 1,650 1.650 B. Stmt. of Cash Flows 6,600 FA 8,250 FA 8.250 FA 8,250 IA = + NA Exp. NA NA NA NA - NA + + - NA C. D. NA NA + NA + NA Option A O Option B Option Option D QUESTION 23 When closing an expense account the expense account will be credited O retained earnings will be debited the expense account will end up with a $0 balance all of the above 4 por On March 1, Bartholomew Company purchased a new stamping machine with a list price of $34.000. The company paid cash for the machine therefore it was allowed a 5% discount. Other costs associated with the machine were: transportation costs, 5550: sales tax paid. 51,360; installation costs. 5450: routine maintenance during the first month of operation, $500. What is the cost of the machine? 532,300 $34,660 O 535.160 O 534.210