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Issuing Shares for Land (Non-Cash)
Acquiring an asset by giving the seller company shares instead of cash.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Land | Asset (+) | 100,000.00 | - |
| Common Stock | Equity (+) | - | 10,000.00 |
| Additional Paid-in Capital | Equity (+) | - | 90,000.00 |
💡 Accountant's Note
This is a 'non-cash investing activity.' The asset is recorded at its fair market value, and equity is increased accordingly.
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