This Short Exercise demonstrates the similarity and the difference between two ways to acquire capital assets....

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This Short Exercise demonstrates the similarity and the difference between two ways to acquire capital assets. (Click the icon to view the two cases.) Compare the balances in all the accounts after making both sets of entries. Are the account balances the same or different? Cases Case A-Issue shares and buy the assets in separate transactions: Oceanview Corporation issued 16,000 common shares for cash of $544,000. In a separate transaction, Oceanview used the cash to purchase a warehouse building for $160,000 and equipment for $384,000. Journalize the two transactions. Case B-Issue shares to acquire the assets in a single transaction: Carter Corporation issued 16,000 common shares to acquire a warehouse valued at $160,000 and equipment worth $384,000. Journalize this transaction. Print Done - Journalize the transactions for cases A and B. (Record debits first, then credits. Explanations are not required. Leave any unused cells blank.) Let's begin with case A. Record the issuance of the common shares. Accounts Debit Credit Case A. Record the purchase of the building and equipment. Accounts Debit Credit Case B. Record the issuance of the common shares to acquire assets. Accounts Debit Credit Compare the balances in all accounts after making both sets of entries. Are the account balances the same or different? The account balances are This Short Exercise demonstrates the similarity and the difference between two ways to acquire capital assets. (Click the icon to view the two cases.) Compare the balances in all the accounts after making both sets of entries. Are the account balances the same or different? Cases Case A-Issue shares and buy the assets in separate transactions: Oceanview Corporation issued 16,000 common shares for cash of $544,000. In a separate transaction, Oceanview used the cash to purchase a warehouse building for $160,000 and equipment for $384,000. Journalize the two transactions. Case B-Issue shares to acquire the assets in a single transaction: Carter Corporation issued 16,000 common shares to acquire a warehouse valued at $160,000 and equipment worth $384,000. Journalize this transaction. Print Done - Journalize the transactions for cases A and B. (Record debits first, then credits. Explanations are not required. Leave any unused cells blank.) Let's begin with case A. Record the issuance of the common shares. Accounts Debit Credit Case A. Record the purchase of the building and equipment. Accounts Debit Credit Case B. Record the issuance of the common shares to acquire assets. Accounts Debit Credit Compare the balances in all accounts after making both sets of entries. Are the account balances the same or different? The account balances are