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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

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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 $232,000 and the buliding at $370,000. Prepare the journal entry to record issuance of the stock in exchange for the land and bullding

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