A Moving to another question will save this response.Question 4XYZ Inc. 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:O A. A debit to Land for $60,000.O B. A credit to Land for $60,000.O C. A debit to Common Stock for $60,000.O D. A credit to Paid-in Capital in Excess of Par Value, Common Stock for $24,000.

Journal entry: Particulars Debit(Dr) Credit(Cr) Land Dr To Common…

Answered: YZ Inc, issued 6,000 shares of its $10…

YZ Inc, issued 6,000 shares of its $10 par DA. A debit to Land for $60,000. O B. A credit to Land for $60,000. D C. A debit to Common Stock for $60,000 O D. A credit to Paid-in Capital in Excess o

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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