On july 1 a corporation issued 15000 shares of 300 par


Problem

On July 1, a corporation issued 15,000 shares of $3.00 par value common stock in exchange for a tract of land having a market value of $215,000. Prepare the general journal entry to record this transaction.

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Auditing: On july 1 a corporation issued 15000 shares of 300 par
Reference No:- TGS02686767

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