Question: VUsing Problem 8 - 4 , answer the following questions based on information given in the problem: a . Transaction 1 : What amount would

VUsing Problem 8-4, answer the following questions based on information given in
the problem:
a. Transaction 1: What amount would be assigned to Additional Paid-in
Capital when recording the transaction?
b. Transaction 2: What amount would be assigned to the Preferred Stock
account?
c. Transaction 3: What amount would be assigned to Treasury Stock from
the transaction? Would that amount be debited or credited?
d. Transaction 4: What part of the dividend is received by Preferred
stockholders? Common stockholders? (Reminder for the preferred stock, the
6% is an annual dividend)
e. Transaction 5: What amount would be assigned to Additional Paid-in
Capital from the reissuance of the Treasury Stock

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