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On June 30, 2024, Ericson, Inc. purchased land. In payment for the land, Erickson, Inc....

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Accounting

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On June 30, 2024, Ericson, Inc. purchased land. In payment for the land, Erickson, Inc. issued 13,000 shares of common stock with a $11 par value. The land had been appraised at a market value of $163,000. The journal entry fo record this transaction would be: June 30, 2024, Ericson, Inc. purchased land. In payment for the land, Erickson, Inc. issued 13,000 shares of common stock vith a $11 par value. The land had been appraised at a market value of $163,000. The journal entry to record this transaction nould be

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