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

Sudoku Company Issues $21,000$ shares of $$9$ par value common stock in exchange for land and a bullding. The land is valued at

$$232,000$ and the bullding at $$372,000.$ 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 $21,000$ shares of $$9$ par value common stock in

exchange for land valued at $$232,000$ and a building valued at $$372,000.$

Note: Enter debits before credits.