ADVANCED ACCT CUSTOM W/CONNECT
14th Edition
ISBN: 9781307697711
Author: Hoyle
Publisher: MCG/CREATE
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Please need answer the financial accounting question
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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