On August 1,a corporation issued 15,000 shares of no-par common stock in exchange for a tract of land having a market value of $215,000.The common stock has a stated value of $10 per share.Prepare the general journal entry to record this transaction.

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The Answer of On August 1,a corporation issued 15,000 shares of no-par common stock in exchange for a tract of land having a market value of $215,000.The common stock has a stated value of $10 per share.Prepare the general journal entry to record this transaction.

On August 1,a Corporation Issued 15,000 Shares of No-Par Common