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equity were completed during the first year of operations: Journalize the entries to record...

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Accounting

equity were completed during the first year of operations:
Journalize the entries to record the transactions. If an amount box does not require an entry, leave it blank.
a. Issued 100,000 shares of stock at par to Paul Glenn for cash.
(1)
(2)
c. Purchased land and a building from Gretchen Northway in exchange for stock issued at par. The land has a fair value of $60,000, and the building has a fair value of $120,000.
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