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Pizarro Corporation issued 30,000 shares of $2 par value common stock in exchange for a building with a market value of $240,000. Record the stock

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Pizarro Corporation issued 30,000 shares of $2 par value common stock in exchange for a building with a market value of $240,000. Record the stock issuance. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanations Debit Credit

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