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JIJX issued 60,000 shares of P100 stated value in exchange for land and factory building...

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Accounting

JIJX issued 60,000 shares of P100 stated value in exchange for land and factory building with total fair value of P9 million pesos. The value of land is thrice as much as the value of the building. What would be the entry of JIJX to record the transaction?

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