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?

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.

Case A$.$ Record the purchase of the building and equipment.

Case B$.$ Record the issuance of the common shares to acquire assets.

Cases

Compare the balances in all accounts after making both sets of entries. Are the account balances the same or different?

The account balances are