Question
Sudoku Company issues 30,000 shares of $8 par value common stock in exchange for land and a building. The land is valued at $23,500 and
Sudoku Company issues 30,000 shares of $8 par value common stock in exchange for land and a building. The land is valued at $23,500 and the building at $368,000. Prepare the journal entry to record issuance of the stock in exchange for the land and building.
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Financial Accounting
Authors: Belverd E. Needles, Marian Powers
11th edition
1133769314, 053847601X, 9781133715023, 978-1133769316, 1133715028, 978-0538476010
