Sudoku Company issues 2 4 , 0 0 0 shares of $ 8 par value common stock

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Question:

Sudoku Company issues

24, 000

shares of $

8

par value common stock in exchange for land and a building. The land is valued at $

238, 000

and the building at $

374, 000 .

Prepare the journal entry to record issuance of the stock in exchange for the land and building.

Posted Date: Jul 02, 2024 09:04 AM

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Sudoku Company issues 2 4 , 0 0 0 shares of $ 8 par value common stock

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