Blue Corporation is authorized to issue 52,000 shares of $5 par value common stock. During 2025, Blue took part in the following selected transactions. a. Issued 4,600 shares of stock at $45 per share, less costs related to the issuance of the stock totaling $7,600. b. Issued 1,200 shares of stock for land appraised at $52,000. The stock was actively traded on a national stock exchange at approximately $46 per share on the date of issuance. c. Purchased 460 shares of treasury stock at $40 per share. The treasury shares purchased were issued in 2021 at $37 per share. d. Retired the treasury shares purchased in part (c). do full Journal Entries for part D which will contain 4 accounts
Blue Corporation is authorized to issue 52,000 shares of $5 par value common stock. During 2025, Blue took part in the following selected transactions.
a. Issued 4,600 shares of stock at $45 per share, less costs related to the issuance of the stock totaling $7,600.
b. Issued 1,200 shares of stock for land appraised at $52,000. The stock was actively traded on a national stock exchange at approximately $46 per share on the date of issuance.
c. Purchased 460 shares of
d. Retired the treasury shares purchased in part (c).
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