Current Attempt in Progress

Tamarisk Corporation is authorized to issue $49,000$ shares of $$5$ par value common stock. During $2020,$ Tamarisk took part in the following selected transactions.

Issued $4,900$ shares of stock at $$45$ per share, less costs related to the issuance of the stock totaling $$9,000.$

Issued $1,100$ shares of stock for land appraised at $$49,000.$ The stock was actively traded on a national stock exchange at approximately $$46$ per share on the date of issuance.

Purchased $510$ shares of treasury stock at $$44$ per share. The treasury shares purchased were issued in $2016$ at $$41$ 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.

the occount titles and enter $0$ for the amounts.$)$

No$.$ Account Titles and Explanation

Debit

Credit

$($a$)$

$($b$)$

$($c$)$

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