Question
Sudoku Company issues 18,000 shares of $6 par value common stock in exchange for land and a building. The land is valued at $226,000 and
Sudoku Company issues 18,000 shares of $6 par value common stock in exchange for land and a building. The land is valued at $226,000 and the building at $372,000. Prepare the journal entry to record issuance of the stock in exchange for the land and building.
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Intermediate Accounting
Authors: Beechy Thomas, Conrod Joan, Farrell Elizabeth, McLeod Dick I
Volume 1, 6th Edition
1259103250, 978-1259103254, 978-0071339476
