Entry More Info - X Case A Case A - Issue stock and buy the assets in separate transactions: Ariel Company issued 13,000 shares of its $20 par common stock for cash of $756,000. In a separate transaction, Ariel used the cash to purchase a building for $525,000 and equipment for $231,000. Journalize the two transactions. Case B - Issue stock to acquire the assets in a single transaction Ariel Company issued 13,000 shares of its $20 par common stock to acquire a building with a market value of $525,000 and equipment with a market value of $231,000. Journalize this transaction Print Done This short exercise demonstrates the similarity and the difference between two ways to acquire plant assets. Click the icon to view the cases.) Compare the balances in all the accounts after making both sets of entries. Are the account balances the same or different? Journalize the transactions for cases A and B. (Record debits first, then credits. Exclude explanations from any journal entries.) Let's begin with case A - Record the issuance of the common stock Journal Entry Accounts Debit Credit Cash Common Stock Paid-in Capital in Excess of Par-Common Case A - Record the purchase of the building and equipment. Journal Entry Accounts Debit Credit Building Equipment This short exercise demonstrates the similarity and the difference between two ways to acquire plant assets. Click the icon to view the cases.) Compare the balances in all the accounts after making both sets of entries. Are the account balances the same or different? Journal Entry Accounts Debit Credit Building Equipment Cash Case B - Record the issuance of the common stock to acquire assets Debit Credit Journal Entry Accounts Building Equipment Common Stock Pald-in Capital in Excess of Par-Common Compare the balances in all accounts after making both sets of entries. Are the account balances simile or dirent? The account balances are the same Choose from any list or enter any number in the input fields and then continue to the next question 417 PM 4/11/2021