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e between two ways to Calculate the prolil UI TU. LEARNING OBJECTIVE 59-6 This Short Exercise demonstrates the similarity and the difference between Issue shares

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e between two ways to Calculate the prolil UI TU. LEARNING OBJECTIVE 59-6 This Short Exercise demonstrates the similarity and the difference between Issue shares to finance the purchase acquire capital assets. of assets Case A-Issue shares and buy the assets in separate transactions: Longview Corporation issued 10,000 common shares for cash of $200,000. In a separate transaction, Longview used the cash to purchase a warehouse building for $160,000 and equipment for $40,000. Journalize the two transactions Case B-Issue shares to acquire the assets in a single transaction: Tyler Corporation issued 10,000.com shares to acquire a warehouse valued at $160,000 and equipment worth $40,000, Journalize this transaction Compare the balances in all the accounts after making both sets of entries. Are the acco balances the same or different

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