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

Sudoku Company Issues $22,000$ shares of $$5$ par value common stock in exchange for land and a building. The land is valued at $$235,000$ and the bullding at $$361,000.$ Prepare the journal entry to record issuance of the stock In exchange for the land and bullding.

Journal entry worksheet

A

Record the issue of $22,000$ shares of $$5$ par value common stock in exchange for land valued at $$235,000$ and a building valued at $$361,000.$

Note: Enter debits before credits.

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