Sudoku Company issues 19,000 shares of $9 par value common stock in exchange for land and a building. The land is valued at $231,000 and the building at $375,000. Prepare the journal entry to record issuance of the stock in exchange for the land and building.

Record the issue of 19,000 shares of $9 par value common stock in exchange for land valued at $231,000 and a building valued at $375,000.