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Home Q & A Board Other Fields Homework Help Business Accounting
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fluffycookie fluffycookie
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5 years ago
On December 2, 2017, St. Augustine, Inc. purchases land. In exchange for the land, St. Augustine, Inc. issues 8,000 shares of common stock with $1.00 par value. The land has been appraised at a market value of $400,000. Prepare the journal entry for this transaction.
Textbook 
Horngren's Accounting

Horngren's Accounting


Edition: 11th
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mr3stepsmr3steps
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fluffycookie Author
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5 years ago
White Checkmark
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5 years ago
...I assume it was right Smiling Face with Open Mouth
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