WileyPlus: Bonita Corporation is authorized to issue 52,000 shares of $5 par value common stock. During 2025, Bonita took part in the following selected transactions.

a.

Issued 4,800 shares of stock at $47 per share, less costs related to the issuance of the stock totaling 56,100.

b.

Issued 1,000 shares of stock for land appraised at $52,000. The stock was actively traded on a national stock exchange at approximately 548 per share on the date of issuance.

c. Purchased 450 shares of treasury stock at $48 per share. The treasury shares purchased were issued in 2021 at $45 per share.

d. Retired the treasury shares purchased in part (c).

Prepare the journal entries to record these transactions using the cost method.