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Journalize the issuance of the stock in acquiring the land

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Reference no: EM131902005

Problem

Let Inc.'s $10 par value common stock is actively traded at a market price of $14 per share. Lei issues 4, 800 shares to purchase land advertised for sale at $89, 710. Journalize the issuance of the stock in acquiring the land.

Reference no: EM131902005

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