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Exercise 1 1 - 6 ( Algo ) Stock issuance for noncash assets LO P 1 Sudoku Company issues 1 8 , 0 0 0

Exercise 11-6(Algo) Stock issuance for noncash assets LO P1
Sudoku Company issues 18,000 shares of $9 par value common stock in exchange for land and a building. The land is valued at $241,000 and the building at $378,000. Prepare the journal entry to record issuance of the stock in exchange for the land and building.

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