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Sudoku Company issues 27,000 shares of $7 par value common stock in exchange for land and a building. The land is valued at $231,000 and
Sudoku Company issues 27,000 shares of $7 par value common stock in exchange for land and a building. The land is valued at $231,000 and the building at $361,000. Prepare the journal entry to record issuance of the stock in exchange for the land and building. View transaction list Journal entry worksheet A Record the issue of 27,000 shares of $7 par value common stock in exchange for land valued at $231,000 and a building valued at $361,000. Note: Enter debits before credits Credit Transaction General Journal Debit 1 Clear entry Record entry View general journal
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