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. Journalize this transaction. If an amount box does not require an entry, leave it blank. Apr. 10

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. Journalize this transaction. If an amount box does not require an entry, leave it blank. Apr. 10

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter15: Contributed Capital

Section: Chapter Questions

Problem 1MC

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Question

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.
Journalize this transaction. If an amount box does not require an entry, leave it blank.
Apr. 10

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