Shamrock Corporation is authorized to issue 53,000 shares of $5 par value common stock. During 2020, Shamrock took part in the following selected transactions. 1. Issued 5,300 shares of stock at $48 per share, less costs related to the issuance of the stock totaling $4,900. 2. Issued 1,100 shares of stock for land appraised at $53,000. The stock was actively traded on a national stock exchange at approximately $49 per share on the date of issuance.

Explanation:

The Journal entry is shown below:-

1. Cash Dr, (5,300 × $48)                       $254,400

       To common stock ($5,300 × $5)                   $26,500

        To paid in capital of per common stock       $227,900

(Being common stock issued is recorded)

2. Land Dr, (1,100 × $49)                         $53,900

         To common stock ($1,100 × $5)                   $5,500

          To paid in capital of per common stock       $48,400

(Being land purchased in exchange of common stock is recorded)

answer; hazards;

muslims control the north africa during the period of 1500 up

to 1800. they made a barrier to prevent further european exploration from

entering the africa from the north. however, the dutch ware still able to move

toward the interior with having south africa as one of the routes leading to

the east for trading with asia.