Question: This short exercise demonstrates the similarity and the difference between two ways to acquire plant assets (Click the icon to view the cases.) Compare the




This short exercise demonstrates the similarity and the difference between two ways to acquire plant assets (Click the icon to view the cases.) Compare the balances in all the accounts affer making both sets of entries. Are the account balances the same or different? Journalize the transactions for cases A and B. (Record debits first, then credits. Exclude explanations from any journal entries.) Let's begin with case A-Record the issuance of the common stock. Cate A - Record the purchase of the building and equipment Time Remaining: 01:40:35 More info Case A - issue stock and buy the assets in separate transactions: Alar Company issued 11,000 shares of its $1 par common slock for cash of $750,000. In a separate transaction. Atar used the cash to purchase a building for $590,000 and equipment for $160,000, Journalize the two transactions. Case B - Issue stock to acquire the assets in a single transaction: Atar Company issued 11,000 shares of its \$1 par common stock to acquire a building with a market value of $590,000 and equipment with a market value of $160,000. Journalize this transaction. This short exercise demonstrates the similarity and the difference between two ways to acquire plant assets. (Click the icon to view the cases.) Compare the balances in all the accounts after making both sets of entries. Are the account balances the same or differer Lel's begin with case A - Record the issuance of the common stock. Case A - Record the purchase of the building and equipment. Case A - Record the purchase of the building and equipment. Case B - Rocord the issuance of the common stock to acquire assets. Case B-Record the issuance of the common stock to acquire assets. Compare the balances in all accounts after making both sets of entries. Are the account balances similar or different? The account balances are
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