Bentley corporation received cash from issuing 17,000 shares of common stock at par on january1, 2018. the stock has a par value of $0.05 per share. which is the correct journal entry to recordthis transaction? a) cash is debited for $850, and common stock$0.05 par value is credited for $850.b) paid-in capital in excess of par-common is debited for $16,150, and common stock$0.05par value is credited for $16,150.c) cash is debited for $17,000, common stock$0.05 par value is credited for $850, andpaid-in capital in excess of par-common credited for $16,150.d) cash is credited for $17,000 and common stock$0.05 par value is debited for $17,000.

Wo firms, a and b, each currently dump 50 tons of chemicals into the local river. the government has decided to reduce the pollution and from now on will require a pollution permit for each ton of pollution dumped into the river. it costs firm a $100 for each ton of pollution that it eliminates before it reaches the river, and it costs firm b $50 for each ton of pollution that it eliminates before it reaches the river. the government gives each firm 20 pollution permits. government officials are not sure whether to allow the firms to buy or sell the pollution permits to each other. what is the total cost of reducing pollution if firms are not allowed to buy and sell pollution permits from each other? what is the total cost of reducing pollution if the firms are allowed to buy and sell permits from each other? a. $3,000; $1,500 b. $4,500; $3,500 c. $4,500; $4,000 d. $4,500; $2,500