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Instructions On April 10, a company acquired land in exchange for 3,000 shares of $24 par common stock with a current market price of $75.

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Instructions On April 10, a company acquired land in exchange for 3,000 shares of $24 par common stock with a current market price of $75. General Journal Journalize this transaction on April 10. Refer to the Chart of Accounts for exact wording of account titles. PAGE 1 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST REF DEBIT CREDIT ASSETS LIABILITIES EQUITY 3

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