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Exercise 11-4 Stock issuance for noncash assets LO P1 Sudoku Company issues 25,000 shares of $9 par value common stock in exchange for land and a building. The land is valued at $235,000 and the building at $369,000. Prepare the journal entry to record issuance of the stock in exchange for the land and building. & Answer is not complete. No General Journal Debit Credit Tran Land 235,000 225,000 Common stock, no-par value 379,000 Paid-n capital in excess of par value, common stock 1 of 1 Next Prev 12:14 12/1/2 earch