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The Stockholders' Equity accounts of ExxonMobil on December 31, 2022 were as follows: During 2023, ExxonMobil had the following transactions and events pertaining to its

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The Stockholders' Equity accounts of ExxonMobil on December 31, 2022 were as follows: During 2023, ExxonMobil had the following transactions and events pertaining to its stockholders' equity: March 21: Issued 20,000 shares of Common Stock in exchange for Land. On the date of purchase, the Land had a Fair Market Value of $210,000 and the stock was selling for $11 per share. November 22: Purchased 700 shares of Common Stock for the Treasury at a cost of $6,300. The March 21 st entry would include a: a Credit to Common Stock for $210,000 A Debit to Loss for $10,000 a Credit to Additional Paid in Capital of $150,000 a Credit to Additional Paid in Capital of $160,000 A Debit to Land for $210,000

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