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Case A-Issue shares and buy the assets in separate Case B-Issue shares to acquire the assets transactions: in a single transaction: Seaview Corporation issued 14,000

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Case A-Issue shares and buy the assets in separate Case B-Issue shares to acquire the assets transactions: in a single transaction: Seaview Corporation issued 14,000 common shares Carter Corporation issued 14,000 common for cash of $392,000. In a separate transaction, shares to acquire a warehouse valued at Seaview used the cash to purchase a warehouse $50,000 and equipment worth $342,000. building for $50,000 and equipment for $342,000. Journalize this transaction. Journalize the two transactions. Journalize the transactions for cases A and B. (Record debits first, then credits. Explanations are not required. Leave any unused cells blank.) Let's begin with case A. Record the issuance of the common shares. Journal Entry Accounts Debit Credit Case A. Record the purchase of the building and equipment Journal Entry Accounts Debit Credit Case B. Record the issuance of the common shares to acquire assets. Journal Entry Accounts Debit Credit Compare the balances in all accounts after making both sets of entries. Are the account balances the same or different? The account balances are

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