Question: a) Prepare journal entry and determine effect on cash flows. (LO 2) AP Crabtree Corporation had the following transactions. 1.Sold land (cost $12,000) for $15,000.

a) Prepare journal entry and determine effect on cash flows. (LO 2) AP Crabtree Corporation had the following transactions. 1.Sold land (cost $12,000) for $15,000. 2.Issued common shares for $20,000. ...

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