On march 8, Daschen inc, a publicly traded company issued 5600 preferred shares for cash...
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Accounting
On march 8, Daschen inc, a publicly traded company issued 5600 preferred shares for cash of $29 per share. On April 20, when the shares were trading at $34, the company issued an additional 2600 preferred shares in exchange for land with a fair value of $94,000. Prepare journal entries for each transaction
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