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Jackson Company is a publicly held corporation whose $1 par value stock is actively traded...

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Accounting

Jackson Company is a publicly held corporation whose $1 par value stock is actively traded at $64 per share. The company issued 3,000 shares of stock to acquire land recently advertised at $200,000. When recording this transaction, Barton Company will (Points : 1) debit Land for $200,000. credit Common Stock for $192,000. debit Land for $192,000. credit Paid-In Capital in Excess of Par for $196,000

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