On March 3, Zentric Company issues 22,000 shares of $8 par value common stock in exchange for land and a building. The land is valued at $229,000 and the building at $368,000. Prepare the journal entry to record issuance of the stock in exchange for the land and building.

Answer rating: 100% (QA)

Date General Journal Debit Credit March 3 ... View the full answer