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Issuing Stock for Assets Other Than Cash On April 5, Fenning Corporation, a wholesaler of hydraulic lifts, acquired land in exchange for 24,000 shares of

Issuing Stock for Assets Other Than Cash On April 5, Fenning Corporation, a wholesaler of hydraulic lifts, acquired land in exchange for 24,000 shares of $15 par common stock valued at $23 per share. Journalize the entry to record the transaction. If an amount box does not require an entry, leave it blank. Apr. 5

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