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TamariskCompany obtained land by issuing3,360shares of its $14par value common stock. The land was recently appraised at $152,020. The common stock is actively traded at

TamariskCompany obtained land by issuing3,360shares of its $14par value common stock. The land was recently appraised at $152,020. The common stock is actively traded at $44per share.

Prepare the journal entry to record the acquisition of the land.

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