Jackson company is the publicly held corporation whose 1

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Jackson Company is a publicly held corporation whose $1 par value stock is actively traded at $75 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 -

A) debit Land for $200,000.

B) debit Land for $225,000.

C) credit Common Stock for $195,000.

D) credit Paid-In Capital in Excess of Par for $196,000

Reference no: EM13389706

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