Novak Corporation is authorized to issue $45,000$ shares of $$5$ par value common stock. During $2025,$ Novak took part in the following selected transactions.

a$.$ Issued $4,700$ shares of stock at $$46$ per share, less costs related to the issuance of the stock totaling $$6,800.$

b$.$ Issued $1,200$ shares of stock for land appraised at $$45,000.$ The stock was actively traded on a national stock exchange at approximately $$47$ per share on the date of issuance.

c$.$ Purchased $500$ shares of treasury stock at $$45$ per share. The treasury shares purchased were issued in $2021$ at $$42$ 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 account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$

No$.$ Account Titles and Explanation

Debit

Credit

a$.$

Common Stock

Paid$-$in Canital in Excess of Par $-$ Common Stock

Paid$-$in Capital in Excess of Par $-$ Common Stock

b$.$

Land

Common Stock

Paid$-$in Capital in Excess of Par $-$ Common Stock

c$.$

Treasury Stock

Cash

d$.$