Write the journal entry-acquired land in exchange

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Literally can't remember how to do this. I have an idea but I don't think it's right.

On May 12th, a company acquired land in exchange for 1,000 shares of $20 par common stock with a current fair-market price of $73. Journalize this transaction.

On April 30th, 2010, Arlington Company issued $1,500,000 of 10-year, 8% bonds (face value $1,000 per bond) at 103, dated May 12th. Write the journal entry

Reference no: EM13788813

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Write the journal entry-acquired land in exchange : On May 12th, a company acquired land in exchange for 1,000 shares of $20 par common stock with a current fair-market price of $73. Journalize this transaction. On April 30th, 2010, Arlington Company issued $1,500,000 of 10-year, 8% bonds (face value ..
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