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Crawford Corporation issues 1,000 shares of $10 par common stock that is not widely traded for an acre of land appraised at $20,000. The journal
Crawford Corporation issues 1,000 shares of $10 par common stock that is not widely traded for an acre of land appraised at $20,000. The journal entry would include
- a debit to Land for $20,000.
- a credit to Common Stock for $10,000.
- a credit to Additional Paid-In Capital for $10,000.
- all of these.
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