Exercise $11-6($Algo$)$ Stock issuance for noncash assets LO P$1$

Sudoku Company issues $19,000$ shares of $$10$ par value common stock in exchange for land and a building. The land is valued at $$229,000$ and the building at $$365,000.$ Prepare the journal entry to record issuance of the stock in exchange for the land and building.

Journal entry worksheet

A

Record the issue of $19,000$ shares of $$10$ par value common stock in exchange for land valued at $$229,000$ and a building valued at $$365,000.$

Note: Enter debits before credits.

$\backslash$table$[[$Transaction$,$General Journal,Debit,Credit$],[1,,,],[,,,],[,,,],[,,,],[,,,],[,,,]]$