Question: What would be a journal entry for Purchased a building by paying $100,000 down, giving the seller 1,000 shares of the companys $3 par value
What would be a journal entry for Purchased a building by paying $100,000 down, giving the seller 1,000 shares of the companys $3 par value common stock which was actively trading on the market at $10.50 per share, and taking out a $500,000 mortgage.
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