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ayayai company has the following securities in its portofolio on december https:/ uni gnment Exercise 15-6 Coronado Corporation is authorized to issue 52,000 shares of

ayayai company has the following securities in its portofolio on december
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https:/ uni gnment Exercise 15-6 Coronado Corporation is authorized to issue 52,000 shares of $5 par value common stock. During 2017, Coronado took part in the following selected transactions. 1. Issued 4,600 shares of stock at $45 per share, less costs related to the issuance of the stock totaling $7,600. 2. Issued 1,200 shares of stock for land appraised at $52,000. The stock was actively traded on a national stock exchange at approximately $46 per share on the date of issuance 3. Purchased 460 shares of treasury stock at $40 per share. The treasury shares purchased were issued in 2013 at $37 per share. 03 (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 for the (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no account titles and enter O for the amounts.) Debit Credit No. Account Titles and Explanation MacBook Pro

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