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Wheat Corp. issued 10,000 shares of its $1 par value common stock for a building. The building was listed for sale at $500,000. Wheats common

Wheat Corp. issued 10,000 shares of its $1 par value common stock for a building. The building was listed for sale at $500,000. Wheats common stock is currently selling for $45 per share. Prepare the journal entry.

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