io iol Case A - Issue stock and buy the assets in separate transactions: Livingston Company issued 17,000 shares of its $15 par common stock for cash of $850,000. In a separate transaction, Livingston used the cash to purchase a building for $500,000 and equipment for $350,000. Journalize the two transactions. Case B- Issue stock to acquire the assets in a single transaction: Livingston Company issued 17,000 shares of its $15 par common stock to acquire a building with a market value of $500,000 and equipment with a market value of $350,000. Journalize this transaction.

io Case A-Issue stock and buy the assets in separate transactions Livingston Company issued 17,000 shares of its $15 par common stock for cash of $850,000. In a separate transaction, Livingston used the cash to purchase a building for $500,000 and equipment for $350,000. Journalize the two transactions. Case B-Issue stock to acquire the assets in a single transaction Livingston Company issued 17,000 shares of its $15 par common stock to acquire a building with a market value of $500,000 and equipment with a market value of $350,000 Journalize this transaction