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Name: A corporation issues 6,000 shares of $1 par value stock for a parcel
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Description: A corporation issues 6,000 shares of $1 par value stock for a parcel of land valued at $12,000. Prepare thejournal entry to reflect this transaction.

Business

Accounting

A corporation issues 6,000 shares of $1 par value stock for a parcel of land valued at $12,000. Prepare the journal entry to reflect this transaction.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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