Aaron company has 80,000 shares of $10 par common stock outstanding. on may 25, aaron company declared a $1.50 cash dividend. the market price of the stock on may 25 was $17 per share. the journal entry to record the cash dividend would include
a. a debit to cash dividends for $120,000.
b. a debit to cash for $560,000.
c. a credit to paid-in capital in excess of par—common stock for $560,000.
d. all of these choices are correct.

Ds unlimited has the following transactions during august. august 6 purchases 58 handheld game devices on account from gamegirl, inc., for $140 each, terms 2/10, n/60. august 7 pays $340 to sure shipping for freight charges associated with the august 6 purchase. august 10 returns to gamegirl three game devices that were defective. august 14 pays the full amount due to gamegirl. august 23 sells 38 game devices purchased on august 6 for $160 each to customers on account. the total cost of the 38 game devices sold is $5,448.51. required: record the transactions of ds unlimited, assuming the company uses a perpetual inventory system. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field. round your answers to 2 decimal places.)