Question $4$ of $20$

$\frac{0\mathrm{.}45}{0\mathrm{.}6}$

Sheffield Corporation is authorized to issue $49,000$ shares of $$5$ par value common stack. During $2025.$ Sheffield took part in the following selected transactions.

a$.$ Issued $4,500$ shares of stock at $$45$ per share, less costs related to the issuance of the stock totaling $$7,900.$

b$.$ 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.

c$.$ Purchased $470$ 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 oil debit entries before credit entries, Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entsy is required, stiect $"$No Entey" for the account titles and enter O for the amounts.$)$

No$.$ Account Titles and Explanation

a$.$

b$.$

C$.$

d$.$

Rald$-$in Gapltalin Excess of Ran$-$Cormmon Stock

Retained Esmings

Debit $$

$50\mathrm{.}500$

$19270$

$65\mathrm{.}925$

$67\mathrm{.}390$

Credit

$ $$

$550$

$19\mathrm{.}270$