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Date Name: Class Financial Accounting ACC111-Professor Horowitz- Test 3 -Fall 2017 3. Prepare entries to...

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Date Name: Class Financial Accounting ACC111-Professor Horowitz- Test 3 -Fall 2017 3. Prepare entries to record the transactions for Maine Corp.: (a) Issued 2,000 shares of $10 par common stock at $72 for cash. (b) Issued 2,500 shares of common stock in exchange for land with a fair market price of (c) (d) $130,000. Purchased 400 shares of treasury stock at $70. Sold the 400 shares of treasury stock purchased in (c) at $76

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