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How do journalize the issuance of stock in acquiring land

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Problem 1: How do journalize the issuance of the stock in acquiring the land?

Ayayai Inc.'s $9 par value common stock is actively traded at a market price of $14 per share. Ayayai issues 6,500 shares to purchase land advertised for sale at $80,000.

Reference no: EM132615257

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