Question: Find the Journal Entry Example 2: A very small corporation (with very few stock transactions) exchanges 500 shares of common stock for a building. The

Find the Journal Entry Example 2: A very small corporation (with

Find the Journal Entry

Example 2: A very small corporation (with very few stock transactions) exchanges 500 shares of common stock for a building. The par value of the stock is $1 per share and the firm estimates that one share of its stock is worth $1,000. The building was appraised for $450,000

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