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Jackie Company is a publicly held corporation whose $2 par value stock is actively traded at $64 per share. The company issued 3,000 shares of

Jackie Company is a publicly held corporation whose $2 par value stock is actively traded at $64 per share. The company issued 3,000 shares of stock to acquire land recently advertised at $400,000. When recording this transaction, the company will a. credit Paid-In Capital in Excess of Par for $192,000. b. debit Land for $6,000. c. debit Land for $400,000. d. credit Common Stock for $6,000

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