Current Attempt in Progress Bonita Corporation is authorized to issue 50,000 shares of $5 par value common stock. During 2020, Bonita took part in the following selected transactions. 1. 2. 3. (a) (b) (c) Issued 5,100 shares of stock at $43 per share, less costs related to the issuance of the stock totaling $6,900. Issued 1,000 shares of stock for land appraised at $50,000. The stock was actively traded on a national stock exchange at approximately $44 per share on the date of issuance. (a) Purchased 550 shares of treasury stock at $41 per share. The treasury shares purchased were issued in 2016 at $38 per share. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Prepare the journal entry to record item 1. Prepare the journal entry to record item 2. Prepare the journal entry to record item 3 using the cost method. No. Account Titles and Explanation (b) Debit Credit

Curregt Attempt in Progress Bonita Corporation is authorized to issue 50,000 shares of $5 par value common stock. During 2020 , Bonita took part in the following selected transactions. 1. Issued 5,100 shares of stock at $43 per share, less costs rtanted to the issuance of the stock totaling $6,900. 2. Issued 1,000 stures of stock for land appraised at $50,000. The stock was actively traded on a national stock exchange at approwimately $44 per share on the date of issuance. 3. Purchased 550 shares of treasury stock at $41 per share. The treasury shares purchased were issued in 2016 at $38 per share. (a) Prepare the journa 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. Credit account tilies are automatically indented when amount is entered. Do not indent the docount bitles end enter Ofor the omounts)