Bogota Corporation issued

50 comma 00050,000

shares of

$11

par value common stock in exchange for a building with a market value of

$ 220 comma 000$220,000.

Record the stock issuance.

Homework: Chapter 13 homework Save 10 (5 complete) Score: 0 of 1 pt 313-5 (similar to) HW Score: 40.48%, 4.86 of 12 pts Question Help Bogota Corporation issued 50,000 shares of $1 par value common stock in exchange for a building with a market value of $220,000. Record the stock issuance. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanations Debit Credit