Sudoku Company issues $20,000$ shares of $$8$ par value common stock in exchange for land and a building. The land is valued at

$$229,000$ and the building at $$372,000.$ Prepare the journal entry to record issuance of the stock in exchange for the land and

building.

Journal entry worksheet

A

Record the issue of $20,000$ shares of $$8$ par value common stock in exchange

for land valued at $$229,000$ and a building valued at $$372,000.$

Note: Enter debits before credits.