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Exercise 11-4 Stock issuance for noncash assets LO P1 Sudoku Company issues 32,000 shares of $8 par value common stock in exchange for land and

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Exercise 11-4 Stock issuance for noncash assets LO P1 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 $361,000. Prepere the journal entry to record issuance of the stock in exchange for the leand and building View transaction list Journal entry worksheet 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 $361,000 Note: Enter debits before credits Credit General Journal Debit Transaction 1 View general journl Clear entry Record entry Next> 2 of 6

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