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Case A - Issue stock and buy the assets in separate transactions: AshleyAshley Company issued 17 comma 00017,000 shares of its $ 35$35 par common
Case A - Issue stock and buy the assets in separate transactions: AshleyAshley Company issued 17 comma 00017,000 shares of its $ 35$35 par common stock for cash of $ 650 comma 000$650,000. In a separate transaction, AshleyAshley used the cash to purchase a building for $ 510 comma 000$510,000 and equipment for $ 140 comma 000$140,000. Journalize the two transactions. Case B - Issue stock to acquire the assets in a single transaction: AshleyAshley Company issued 17 comma 00017,000 shares of its $ 35$35 par common stock to acquire a building with a market value of $ 510 comma 000$510,000 and equipment with a market value of $ 140 comma 000$140,000. Journalize this transaction
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