Prepare the journal entry to record the acquisition of land

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Reference no: EM13765160

Fielder Company obtained land by issuing 2,970 shares of its $10 par value common stock. The land was recently appraised at $123,140. The common stock is actively traded at $40 per share.

Prepare the journal entry to record the acquisition of the land.

Reference no: EM13765160

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Prepare the journal entry to record the acquisition of land : Fielder Company obtained land by issuing 2,970 shares of its $10 par value common stock. The land was recently appraised at $123,140. The common stock is actively traded at $40 per share. Prepare the journal entry to record the acquisition of the lan..

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