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Prepare the journal entry to record Autumn Companys issuance of 63,000 shares of no-par value...

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Accounting

Prepare the journal entry to record Autumn Companys issuance of 63,000 shares of no-par value common stock assuming the shares:

  1. Sell for $29 cash per share.
  2. Are exchanged for land valued at $1,827,000.

  • 1

    Record the issuance of 63,000 shares of no-par value common stock assuming the shares sell for $29 cash per share.

  • 2

    Record the issuance of 63,000 shares of no-par value common stock assuming the shares are exchanged for land valued at $1,827,000.

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