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21 Exercise 11-5 Stock issuance for noncash assets LO P1 Sudoku Company issues 32.000 shares of $7 par value common stock in exchange for land

21
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Exercise 11-5 Stock issuance for noncash assets LO P1 Sudoku Company issues 32.000 shares of $7 par value common stock in exchange for land and a building the land is valued at $225,000 and the building at $374,000. Prepare the journal entry to record issuance of the stock in exchange for the land and building View transaction lit Journal entry worksheet Record the issue of 32.000 shares of S7 par value common stock in exchange for land valued at $225,000 and a building valued at $324,000 Non debts beloneta Celt Credit General Journal Transaction 1

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