#3

Sudoku Company issues 32,000 shares of $8 par value common stock in exchange for land and a building. The land is valued at $244,000 and the building at $362,000. Prepare the journal entry to record issuance of the stock in exchange for the land and building. Record the issue of 32,000 shares of $8 par value common stock in exchange for land valued at $244,000 and a building valued at $362,000. Sudoku Company issues 32,000 shares of $8 par value common stock in exchange for land and a building. The land is valued at $244,000 and the building at $362,000. Prepare the journal entry to record issuance of the stock in exchange for the land and building. Record the issue of 32,000 shares of $8 par value common stock in exchange for land valued at $244,000 and a building valued at $362,000