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View Full Version : Journalizing this transaction


whitrenae44
Jun 3, 2009, 01:36 PM
Newgen Products Inc. issued 18,000 shares of common stock at $15 par in exchange for land, buildings, and equipment with fair maket prices of $50,000, $275,000, and $60,000, respectively.

myoungii
Jun 4, 2009, 12:33 AM
If you would show an attempt at this problem I would be willing to help you.