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243 points A corporation issued 6.200 shares of 510 par value common stock in exchange for some land with a market value of 534,000. The entry to record this exchange is Debit Land 594.000 credit Common Stock $94.000 Debit Common Stock $4,000, credt Land 594,000 Debit Land $4,000 credit Common Stock 562.000; credit Paid-in Capta in Excess of Par Vwun, Common Stock $32,000. Debt Land 562.000, credit Common Stock 562.000 Debit Common Stock $62.000 debt Paid in Capital in Excess of Par Value, Common Stock $32,000, credit Land $84,000. 25 points The stationary Store is required to collect and remises taxes to the stain B.D. ad caths of $2.500 that are subject to an 8% sales the journal entry to record these would Includes O Debit to Sales Tax Payable for $200 Debit to Cash of $2.500 Credit to Sales Revenue of $2.700 Debit to Cath of $2.700 and a credit to Sales Tax Payable of $200, 26 On January 20, Berringer Co purchased 4,000 shares of its par value common stock for $10 per share on uy the company retold 2.000 shares for $20 each Whatournal entry wit Benger record for the resold shares on July 37 Debt Cath for $40,000, credit Treasury Stock for 532.000, and credit Paidan C Treasury stock for $6.000 Debt Cash for $40.000. Credit Common stock for $17.000. and credit Paiden Capital Treasury stock for $28.000 Debit Cash for $40.000. Credit Common Stock for $32,000, and creat Gain on Reissuance of stock for 58,000 Debit Cash and credit Treasury Stock for 540,000

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