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