Jensen Corp.'s $5 par value common stock is actively traded at a market value of $12 per share. Jensen issues 8,000 shares to purchase land advertised for sale at $105,000. Journalize the issuance of the stock in acquiring the land.
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Jensen Corp.'s $5 par value common stock is actively traded at a market value of $12 per share. Jensen issues 8,000 shares to purchase land advertised for sale at $105,000. Journalize the issuance of the stock in acquiring the land.
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- Culver Inc.’s $10 par value common stock is actively traded at a market price of $16 per share. Culver issues 6,000 shares to purchase land advertised for sale at $108,000. Journalize the issuance of the stock in acquiring the land.Bridgeport Inc.’s $9 par value common stock is actively traded at a market price of $15 per share. Bridgeport issues 4,800 shares to purchase land advertised for sale at $71,500.Journalize the issuance of the stock in acquiring the land. What is the date? What is credit or debit? What is the title or explanation?devrat
- Farmers Incorporated issued 6,000 shares of its $10 par value common stock in exchange for land that has a market value of $84,000. The entry to record this transaction would include: A debit to Common Stock for $60,000 B. A debit to Land for $60,000 A credit to Land for $60,000Riverbed Inc's $10 par value common stock is actively traded at a market price of $16 per share. Riverbed issues 6,000 shares to purchase land advertised for sale at $77,500. Journalize the issuance of the stock in acquiring the land. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit CreditSudoku Company issues 7,000 shares of $7 par value common stock in exchange for land and a building. The land is valued at $45,000 and the building at $85,000. Prepare the journal entry to record issuance of the stock in exchange for the land and building.
- Carolina Corporation issues 8,000 shares of $1 par value stock for a parcel of land valued at $25,000. What would be the journal entry for this transaction?Sudoku Company issues 22,000 shares of $9 par value common stock in exchange for land and a building. The land is valued at $242,000 and the building at $368,000. Prepare the journal entry to record issuance of the stock in exchange for the land and building. View transaction list Journal entry worksheet レ A Record the issue of 22,000 shares of $9 par value common stock in exchange for land valued at $242,000 and a building valued at $368,000. Note: Enter debits before credits. Transaction General Journal Debit Credit 1Sudoku Company issues 32,000 shares of $8 par value common stock in exchange for land and a building. The land is valued at $233,000 and the building at $377,000. Prepare the journal entry to record issuance of the stock in exchange for the land and building. Record the issue of 32,000 shares of $8 par value common stock in exchange for land valued at $233,000 and a building valued at $377,000.
- Sudoku Company issues 18,000 shares of $8 par value common stock in exchange for land and a building. The land is valued at $227,000 and the building at $365,000. Prepare the journal entry to record issuance of the stock in exchange for the land and building. View transaction list Journal entry worksheet A Record the issue of 18,000 shares of $8 par value common stock in exchange for land valued at $227,000 and a building valued at $365,000. Note: Enter debits before credits. Transaction 1 Record entry General Journal Clear entry Debit Credit View general journalSwifty Inc's $10 par value common stock is actively traded at a market price of $15 per share. Swifty issues 6,300 shares to purchase land advertised for sale at $79,000. Journalize the issuance of the stock in acquiring the land. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Cash Common Stock Paid-in Capital in Excess of Par-Common StockSheffield Inc's $10 par value common stock is actively traded at a market price of $13 per share. Sheffield issues 6.000 shares to purchase land advertised for sale at $90,000. Journalize the issuance of the stock in acquiring the land. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Debit Credit