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This short execcise domonstrabes the simianty and the diflerence botween two ways to acquire plant assets. (Cick the icon to vew the ctsos.) Compare the
This short execcise domonstrabes the simianty and the diflerence botween two ways to acquire plant assets. (Cick the icon to vew the ctsos.) Compare the bolances in al the accounts after making both sets of entries. Ave the account balances the same or differenk? Journal to the transactions for carsas A and B. (Record debits first, then crodts. Exdude explanations ficm ary journal entrios.) tefs begin with case A - Riecord the issuance of the comman stock. More info Case A - Issue stock and buy the assets in separate transactions: Atar Company issued 11,000 shares of its $1 par common stock for cash of $750,000. In a separate transaction, Atar used the cash to purchase a building for $548,000 and equipment for $202,000. Journalize the two transactions. Case B - Issue stock to acquire the assets in a single transaction: Atar Company issued 11,000 shares of its $1 par common stock to acquire a building with a market value of $548,000 and equipment with a market value of $202,000. Journalize this transaction
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