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Current Attempt in Progress Kingbird Corporation is authorized to issue 53,000 shares of $5 par value common stock. During 2025. Kingbirdtook part in the following

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Current Attempt in Progress Kingbird Corporation is authorized to issue 53,000 shares of $5 par value common stock. During 2025. Kingbirdtook part in the following selected transactions. a. Issued 5,500 shares of stockat $49 per share. less costs related to the issuance of the stock totaling $5,500 b. Issued 1,000 shares of stock for land appraised at $53,000. The stock was actively traded on a national stock oxchange at approximately $50 per share on the date of issuance. c. Purchased 510 shares of treasury stock at $41 per share. The treasury shares purchased were issued in 2021 at $38 per share. d. Retired the treasury shares purchased in part (c). Prepare the journal entries to record these transactions using the cost method. (List all debit entries before credit entries. Credit occount titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry' for the occount titles and enter O for the amounts.) No. Account Tites and Explanation Debit: Credit b. c. d

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