ssuing Stock for Assets Other Than Cash On November 23, Elder Lift Corporation, a wholesaler of hydraulic lifts, acquired land in exchange for 22,000 shares of $12 par common stock with a current market price of $16. Journalize the entry to record the transaction. If an amount box does not require an entry, leave it blank

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Issuing Stock for Assets Other Than Cash

On November 23, Elder Lift Corporation, a wholesaler of hydraulic lifts, acquired land in exchange for 22,000 shares of $12 par common stock with a current market price of $16.

Journalize the entry to record the transaction.

If an amount box does not require an entry, leave it blank.

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