Exercise 11-4 Stock issuance for noncash assets LO P1 Sudoku Company issues 33,000 shares of $8 par value common stock in exchange for land and a building. The land is valued at $225,000 and the building at $377,000. Prepare the journal entry to record issuance of the stock in exchange for the land and building. View transaction list Journal entry worksheet Record the issue of 33,000 shares of $8 par value common stock in exchange for land valued at $225,000 and a building valued at $377,000. Note: Enter debits before credits. Transaction General Journal Credit Debit 225.000 377.000 Building | Common stock, 58 par value Paid-in capital in excess of par value, common 264.000 Record entry Clear entry View general journal