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Prepare the journal entry to record Autumn Company s issuance of 7 2 , 0 0 0 shares of no - par value common stock

Prepare the journal entry to record Autumn Companys issuance of
72,000 shares of no-par value common stock assuming the shares: a.
Sell for $26 cash per share. b. Are exchanged for land valued at
$1,872,000.

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