PART I EXERCISES 1. ON JULY 31 COCA COLA CORPORATION ACQUIRED BUILDING WITH A BOOK VALUE $100,000 AND MARKET VALUE OF $200,000 IN EXCHANGE FOR 3,000 SHARES OF \$10 PAR VALUE COMMON STOCK WITH A CURRENT MARKET PRICE OF \$40. JOURNALIZE THE ENTRY TO RECORD TRANSACTION. 2. ON MAY 1 CAF YAUCONO CORP. ISSUED 75,000 SHARES OF $50 PAR VALUE COMMON STOCK AT \$80 SELLING PRICE. ON MAY 31 ISSUED 25,000 SHARES $40 PAR VALUE AT \$30 SELLING PRICE. 1. JOURNALIZE THE ENTRIES FOR MAY 1 AND MAY 31. 2. WHAT IS THE TOTAL STOCKHOLDERS EQUITY