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Sudoku Company issues 23,000 shares of $9 par value common stock in exchange for land and a building. The land is valued at $232,000 and
Sudoku Company issues 23,000 shares of $9 par value common stock in exchange for land and a building. The land is valued at $232,000 and the building at $365,000. Prepare the journal entry to record issuance of the stock in exchange for the land and building.
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To record the issuance of 23000 shares of 9 par value common stock in exchange for land valued at 2...
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Fundamental accounting principle
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
21st edition
1259119831, 9781259311703, 978-1259119835, 1259311708, 978-0078025587
