Exercise 11-6 (Algo) Stock issuance for noncash assets LO P1 Sudoku Company issues 31,000 shares of $10 par value common stock in exchange for land and a building. The land is valued at $244,000 and the building at $362,000. Prepare the journal entry to record issuance of the stock in exchange for the land and building. View transaction list View journal entry worksheet General Journal No Transaction A 1 Land Building Common stock, $10 par value Paid-in capital in excess of par value, common stock Debit Credit 244,000 362,000