Current Attempt in Progress Corporation A is a publicly held corporation whose shares, issued at $1 per share, are actively traded at $20 per share. The corporation issued 1500 shares to acquire land recently appraised at $11200. When recording this transaction, Corporation A will O debit Land for $11200. O credit Gain on Purchase of Land for $18800. O debit Land for $30000. O credit Common Shares for $30000. Save for Later Attempts: 0 of 1 used D Submit Answer

Corporation A is a publichy held corporation whose shares, issuedat $1 per thare, are actively traded at $20 per share The corporation issued 1500 shares to acquire land recently aporaised at $11200. When recordine this transaction, Corporation A will debit land for $11200. credit Gain on Purchase of Land for $18600. debit Land for $30000. credit Common Shares for $30000