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Let's begin with case A - Record the issuance of the common stock. Journal Entry Accounts Debit Credit - X More Info Case A -
Let's begin with case A - Record the issuance of the common stock. Journal Entry Accounts Debit Credit - X More Info Case A - Record the purchase of the building and equipment. Journal Entry Accounts Debit Credit Case A - Issue stock and buy the assets in separate transactions: Ariel Company issued 17,000 shares of its 520 par common stock for cash of $900,000. In a separate transaction, Ariel used the cash to purchase a building for $520,000 and equipment for $380,000. Journalize the two transactions Case B - Issue stock to acquire the assets in a single transaction: Ariel Company issued 17,000 shares of its $20 par common stock to acquire a building with a market value of $520,000 and equipment with a market value of $380,000. Journalize this transaction. Case B - Record the issuance of the common stock to acquire assets. Print Done Journal Entry Accounts Debit Credit Compare the balances in all accounts after making both sets of entries. Are the account balances similar or different? The account balances are
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