$2$

Prepare the journal entry to record Autumn Company's issuance of $68,000$ shares of no$-$par value common stock assuming the shares:

a$.$ Sell for $$31$ cash per share.

b$.$ Are exchanged for land valued at $$2,108,000.$

$6$

points

$00$:$25$:$44$

Journal entry worksheet

eBook

$1$

$2$

Record the issuance of $68,000$ shares of no$-$par value common stock assuming the shares sell for $$31$ cash per share.

Note: Enter debits before credits.

$\backslash$table$[[$Transaction$,$General Journal,Debit,Credit$],[$a$.,,,],[,,,],[,,,],[,,,],[,,,],[,,,]]$