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BE12.4 (LO 2) Alou Ltd.'s 10 par value ordinary shares are actively traded at a market price of 15 per share. Alou issues 5,000
BE12.4 (LO 2) Alou Ltd.'s 10 par value ordinary shares are actively traded at a market price of 15 per share. Alou issues 5,000 shares to purchase land advertised for sale at 81,000. Journalize the issuance of the shares in acquiring the land. Prepare entries for issuance of shares in a non-cash transaction.
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Accounting Principles
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
11th Edition
111856667X, 978-1118566671
