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Journal entry for a stock acquisition (10 points) Hull pays $2,000 in cash and 1,000 shares of $1 par stock to buy Harrow's outstanding

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Journal entry for a stock acquisition (10 points) Hull pays $2,000 in cash and 1,000 shares of $1 par stock to buy Harrow's outstanding stock. Hull's stock has a market value of $5/share. Hull pays $50 in registration fees to issue the stock, and $200 in consulting fees. All fees are paid in cash. Required Prepare the journal entry to record the acquisition on Arnprior's books. Arnprior treats the acquisition as a stock acquisition.

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