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Venus Company issued 30 shares of its own 51 par common stock in exchange for equipment. The stock was actively traded for $50 a share

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Venus Company issued 30 shares of its own 51 par common stock in exchange for equipment. The stock was actively traded for $50 a share and the companys management estimates that the equipment has a fair value at the date of acquisition of approximately 51,560. Prepare the journal entry to record the purchase Account Name Dr. Cr. o 0 common stock

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