Accounting for Common, Preferred, and Treasury Stock Edge Corporation issues 20,000 shares of $5 stated value no par stock in exchange for land with an advertised price of $125,000 when the stock is actively trading for $6 per share Jourmalize the entry to recognize the exchange Land 125,000 Common Stock 125,000 Land 120,000
Common Stock Poid-in Capital in excess of Stated 100.000 Value - Common Stock 25.000 Land 120,000 Common Stock
Pald.in Capital in Excess of Stated 100,000 Value - Common Stock 20,000 Land 125,000
Common Stock 120.000 SA Sator