Stock Issuance $($Noncash Assets, Subscriptions, and Treasury Stock$)$

Prepare general journal entries for these transactions, identifying each by letter. If an amount box does not require an entry, leave it blank.

Smith & Cline had the following stock transactions during the year:

a$.$ Issued $5,360$ shares of common stock with a $$5$ par value in exchange for real estate $($land$)$ with a fair market value of $$29,710.$

b$.$ Issued $7,020$ shares of common stock with a $$5$ par value and $$6$ fair market value in exchange for a building with an uncertain fair market value.

c$.$ Received subscriptions for $10,660$ shares of $$6$ par common stock for $$69,750.$

d$.$ Received a payment of $$33,090$ on the stock subscription in transaction $($c$).$

e$.$ Received the balance in full for the stock subscription in transaction $($c$)$ and issued the stock.

f$.$ Purchased $1,600$ shares of its own $$6$ par common stock for $$7$ a share.

$9.$ Sold $800$ shares of the treasury stock in transaction $(f)$ for $$7\mathrm{.}55$ a share.

h$.$ Sold $800$ shares of the treasury stock in transaction $(f)$ for $$6\mathrm{.}65$ a share.