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BE12-4 Tara Inc.’s $10 par value common stock is actively traded at a market value of $16 per

Price: $1.99


BE12-4 Tara Inc.’s $10 par value common stock is actively traded at a market value of $16 per
share. Tara issues 5,000 shares to purchase land advertised for sale at $85,000.

Journalize the issuance of the stock in acquiring the land

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