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Harrison Harrison
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6 years ago
The following transactions took place in June for the Holista Corporation:

June 1 Issued 1,000 shares of $100 preferred shares.

10   Issued 3,000 shares of common shares for $18 per share.

15   Received land with a fair market value of $60,000 and a building with a fair market value of $180,000 in exchange for 15,000 shares of common shares.

Prepare journal entries for the above transactions.
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Financial Accounting, Canadian Edition

Financial Accounting, Canadian Edition


Edition: 5th
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AlexmosutheAlexmosuthe
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