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Two years ago, Tonya Williams purchased a building for $210,000. This year, Williams gave the building, which now has a current market value of $240,000,
Two years ago, Tonya Williams purchased a building for $210,000. This year, Williams gave the building, which now has a current market value of $240,000, to Beyond Corporation in exchange for 5,000 shares of $10-par common stock. What journal entry by Beyond Corporation correctly records the issuance of this stock?
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