Business, 27.11.2019 00:31 widnickab

In 2017, leppard inc. issued 1,000 shares of $10 par value common stock for land worth $40,000. (a) prepare leppard’s journal entry to record the transaction. (b) indicate the effect the transaction has on cash. (c) indicate how the transaction is reported on the statement of cash flows.

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In 2017, leppard inc. issued 1,000 shares of $10 par value common stock for land worth $40,000. (a)...