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Sheridan Company is a publicly held corporation whose $1 par value stock is actively traded at 529 per share. The company issued 3700 shares
Sheridan Company is a publicly held corporation whose $1 par value stock is actively traded at 529 per share. The company issued 3700 shares of stock to acquire land recently advertised at $101000. When recording this transaction, Sheridan Company will credit Paid-In Capital in Excess of Par for $107300 credit Common Stock for $107300 debit Land for $107300. debit Land for $101000
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