Skysong Corporation is authorized to issue 48,000 shares of $5 par value common stock. During...
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Skysong Corporation is authorized to issue shares of $ par value common stock. During Skysong took part in the following selected transactions. a Issued shares of stock at $ per share, less costs related to the issuance of the stock totaling $ b Issued shares of stock for land appraised at $ The stock was actively traded on a national stock exchange at approximately $ per share on the date of issuance. c Purchased shares of treasury stock at $ per share. The treasury shares purchased were issued in at $ 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 for the amounts. No Account Titles and Explanation a b c d Debit Credit 
Skysong Corporation is authorized to issue shares of $ par value common stock. During Skysong took part in the following selected transactions.
a Issued shares of stock at $ per share, less costs related to the issuance of the stock totaling $
b Issued shares of stock for land appraised at $ The stock was actively traded on a national stock exchange at approximately $ per share on the date of issuance.
c Purchased shares of treasury stock at $ per share. The treasury shares purchased were issued in at $ 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 for the amounts.
No Account Titles and Explanation
a
b
c
d
Debit
Credit
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