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1 Matlock Corporation is authorized to assor 46,000 shares of $10 per value ordinary shares. Durint 2022. Matlock took part in the following selected transactions
1 Matlock Corporation is authorized to assor 46,000 shares of $10 per value ordinary shares. Durint 2022. Matlock took part in the following selected transactions Issued 5,000 shares at $49 per share, les costs related to theme of the shares totaling 53.400. 2 Issued 1.200 shares for land appraised at $46,000. The shares were actively traded on a national securities exchange at approximately $50 per share on the date of issuance 3. Purchased 480 treasury stares at $44 per share. The treasury shares purchased were found in 2001 at $40 per share. (a) Prepare the journal entry to record item 1. (b) Prepare the journal entry to record item 2. (c) Prepare the journal entry to record item 3 using the cost method No. Account Titles and Explanation Debit Credit (a) (b) (c)
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