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Prepare the journal entry to record autumn company

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Reference no: EM13899535

1.Prepare the journal entry to record Autumn Company's issuance of 63,000 shares of no par value common stock assuming the shares: 

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

Reference no: EM13899535

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