Question: Make the journal entry (or entries) necessary to record the following transaction: Gave land to an employee. The land originally cost $52,000, and it had

Make the journal entry (or entries) necessary to record the following transaction: Gave land to an employee. The land originally cost $52,000, and it had that same value on the date it was given to the employee. This land was given in exchange for services rendered by the employee.

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