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11.2 Accounting for Common, Preferred, and Treasury Stock Edge Corporation issues 20,000 shares of $5 stated value no par stock in exchange for land with

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11.2 Accounting for Common, Preferred, and Treasury Stock Edge Corporation issues 20,000 shares of $5 stated value no par stock in exchange for land with an advertised price of $125,000 when the stock is actively trading for $6 per share Jourmalize the entry to recognize the exchange Land Common Stock 125,000 125,000 125,000 100,000 Land Common Stock Poid-in Capital in excess of Stated Value - Common Stock 25.000 120,000 100.000 Land Common Stock Pald.in Capital in Excess of Stated Value - Common Stock 20,000 120,000 Land Common Stock 120.000 SA Sator

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