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Arnprior pays $1,500 in cash and 500 shares of $1 par stock to buy Bracebridge's outstanding stock. Arnprior's stock has a market value of $6/

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Arnprior pays $1,500 in cash and 500 shares of $1 par stock to buy Bracebridge's outstanding stock. Arnprior's stock has a market value of $6/ share. Armprior pays $40 in registration fees to issue the stock, and $25 in consulting fees. All fees are paid in cash. Required Prepare the journal entry to record the acquisition on Arnprior's books. Show debits as positive numbers and credits as negatives (-). Arnprior treats the acquisition as a stock acquisition. Entry 1= Entry 2= Entry 3= Entry 4= Entry 5=

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