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aliciajackson26
21.12.2020 •
Mathematics
On April 10, a company acquired land in exchange for 2,500 shares of $23 par common stock with a current market price of $70. Required: Journalize this transaction
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Ответ:
Date Details Debit Credit
April 10, Land $175,000
Common Stock $57,500
Paid-In Capital in excess of Par - Common $117,500
Stock
Step-by-step explanation:
Land = 2,500 * 70
= $175,000
Common Stock = 2,500 * 23
= $57,500
Paid-In Capital = 175,000 - 57,500
= $117,500
Ответ: