a. Geiger, a publicly-traded company, acquired a machine from Counter. Geiger gave Counter 10,000 shares of Geigers $1 par value common stock in exchange for the machine. At the time of the aquisition, Geigers stock had a market value of $25 per share. At the time of the acquisition, several appraisers valued the machine at $253,000. Prepare the entry Geiger should make to record its acquisition of the machine.

b. Tide, a non-publicly-traded company, acquired a machine from Roll. Tide gave Roll 10,000 shares of Tides $1 par value common stock in exchange for the machine. At the time of the aquisition, Tides stock had a market value of $25 per share. At the time of the acquisition, several appraisers valued the machine at $253,000. Prepare the entry Tide should make to record its acquisition of the machine.