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Chart of Accounts Journal Instructi On July 11, American Lift Corporation, a wholesaler of hydraulic lifts, acquired land in exchange for 2,500 shares of $5

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Chart of Accounts Journal Instructi On July 11, American Lift Corporation, a wholesaler of hydraulic lifts, acquired land in exchange for 2,500 shares of $5 par common stock with a current market price of $24 Journalize the entry to record the transaction. Refer to the Chart of Accounts for exact wording of account tities

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