Journal entries for treasury stock transactions. Prepare journal entries to record the following treasury stock transactions of Melissa Corporation.

a. Purchases 10,000 shares of \(\$ 5\)-par value common stock for \(\$ 12\) per share.

b. Issues 6,000 treasury shares upon the conversion of bonds with a book value of \(\$ 72,000\). Melissa Corporation records bond conversions using the book value method.

c. Purchases 20,000 shares of common stock for \(\$ 15\) per share.

d. Issues 24,000 treasury shares and 6,000 newly issued shares of common stock in the acquisition of land with a market value of \(\$ 540,000\).