Prepare the journal entry to record Autumn Companys issuance of 63,000 shares of no-par value common stock assuming the shares:

1. Sell for $29 cash per share.
2. Are exchanged for land valued at $1,827,000.

• 1

  Record the issuance of 63,000 shares of no-par value common stock assuming the shares sell for $29 cash per share.

• 2

  Record the issuance of 63,000 shares of no-par value common stock assuming the shares are exchanged for land valued at $1,827,000.