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On December 2 6 , Griffin Company issued 5 5 , 0 0 0 shares of its $ 7 par common stock to purchase a
On December Griffin Company issued shares of its $ par common stock to purchase a parcel of land. On this day, the stock had a fair market value of $ per share.
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Prepare the journal entry to record this transaction.
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Fundamental accounting principle
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
21st edition
1259119831, 9781259311703, 978-1259119835, 1259311708, 978-0078025587
