Question
Lei Inc.s $11 par value common stock is actively traded at a market price of $14 per share. Lei issues 6,100 shares to purchase land
Lei Inc.s $11 par value common stock is actively traded at a market price of $14 per share. Lei issues 6,100 shares to purchase land advertised for sale at $75,460.
Journalize the issuance of the stock in acquiring the land. (If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.)
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The Routledge Companion To Auditing
Authors: David Hay, W. Robert Knechel, Marleen Willekens
1st Edition
1138363081, 978-1138363083
