Sudoku Company issues 30,000 shares of $6 par value common stock in exchange for land and a building. The land is valued at $234,000 and the building at $366,000. Prepare the journal entry to record issuance of the stock in exchange for the land and building.

• Record the issue of 30,000 shares of $6 par value common stock in exchange for land valued at $234,000 and a building valued at $366,000.