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Grouper Inc.s $10 par value common stock is actively traded at a market price of $16 per share. Grouper issues 5,300 shares to purchase land

Grouper Inc.s $10 par value common stock is actively traded at a market price of $16 per share. Grouper issues 5,300 shares to purchase land advertised for sale at $74,000. Journalize the issuance of the stock in acquiring the land

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