Journal entries to record the acquisition of the land


Fielder co obtained land by issuing 2,000 shares of its 10 par value common stock. The land recently appraised at 85,000 the common stock is actively traded at 40 dollars per share. Prepare the journal entries to record the acquisition of the land.

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Accounting Basics: Journal entries to record the acquisition of the land
Reference No:- TGS065991

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