Fielder company obtained land by issuing 2970 shares of its, Financial Management

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Fielder company obtained land by issuing 2970 shares of its

Fielder Company obtained land by issuing 2,970 shares of its $10 par value common stock. The land was recently appraised at $123,140. The common stock is actively traded at $40 per share.

Prepare the journal entry to record the acquisition of the land.

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Financial Management: Fielder company obtained land by issuing 2970 shares of its

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