Exercise 11-6 (Algo) Stock issuance for noncash assets LO P1 Sudoku Company issues 34,000 shares of $7 par value common stock in exchange for land and a building. The land is valued at $231,000 and the building at $366,000. Prepare the journal entry to record issuance of the stock in exchange for the land and building. View transaction list Journal entry worksheet > A Record the issue of 34,000 shares of $7 par value common stock in exchange for land valued at $231,000 and a building valued at $366,000. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit >