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POSSID Record the journal entries on April 18 for each of the following cases: Case Aissue shares and buy the assets in separate transactions: Kvissle
POSSID Record the journal entries on April 18 for each of the following cases: Case Aissue shares and buy the assets in separate transactions: Kvissle Equipment Ltd. issued 11,000 common shares for cash of $1,460,000. In a separate transaction, Kvissle then used the cash to purchase an office building for $900,000 and equipment for $560,000 Case Issue shares to acquire the assets: Kvissle Equipment Ltd. issued 11,000 common shares to acquire a building valued at $900,000 and equipment worth $560,000. Compare the balances in wil accounts in Case A and Case B. Are the account balances similar or different? ent. Building Se A Re Cash Common Shares ate Equipment pr. 18
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