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 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. More Info Journal Entry Accounts Debit Credit Case A - Issue stock and buy the assets in separate transactions: O'Dell Company issued 10,000 shares of its $40 par common stock for cash of $975,000. In a separate transaction, O'Dell used the cash to purchase a building for $625,000 and equipment for $350,000. Journalize the two transactions. Case B - Issue stock to acquire the assets in a single transaction: O'Dell Company issued 10,000 shares of its $40 par common stock to acquire a building with a market value of $625,000 and equipment with a market value of $350,000. Journalize this transaction. Case A - Record the purchase of the building and equipment. Journal Entry Accounts Debit Credit Print Print [Done Done More Info Case B - Record the issuance of the common stock to acquire assets. Journal Entry Case A - Issue stock and buy the assets in separate transactions: O'Dell Company issued 10,000 shares of its $40 par common stock for cash of $975,000. In a separate transaction, O'Dell used the cash to purchase a building for $625,000 and equipment for $350,000. Journalize the two transactions. Case B - Issue stock to acquire the assets in a single transaction: O'Dell Company issued 10,000 shares of its $40 par common stock to acquire a building with a market value of $625,000 and equipment with a market value of $350,000. Journalize this transaction. Accounts Debit Credit Building Equipment Print Done Compare the balances in all accounts after making both sets of entries. Are the account balances similar or different? The account balances are