Sudoku Company issues 17,000 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 $364,000. Prepare the journal entry to record issuance of the stock in exchange for the land and building.

Journal entry worksheet

Record the issue of 17,000 shares of $8 par value common stock in exchange for land valued at $244,000 and a building valued at $364,000.

Note: Enter debits before credits.

Transaction	General Journal	Debit	Credit
1