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MJH Company issued 500 shares of stock with a par value of $10 per share for land valued at $20,000. The entry to journalize this
MJH Company issued 500 shares of stock with a par value of $10 per share for land valued at $20,000. The entry to journalize this would include:
All of the above | ||
a credit to common stock of $5000 | ||
a credit to paid in capital in excess of par of $15,000 | ||
a debit to land of $20,000 |
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