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undefined Soku Company issues 23,000 shares of $5 par value common stock in exchange for land and a building. The land is valued at $242,000

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Soku Company issues 23,000 shares of $5 par value common stock in exchange for land and a building. The land is valued at $242,000 and the building at $376,000. Prepare the journal entry to record issuance of the stock in exchange for the land and building. (Omit the "$" sign in your response.) Debit Credit 4 General Journal Common stock, no-par value (Click to select) (Click to select) (Click to select) Soku Company issues 23,000 shares of $5 par value common stock in exchange for land and a building. The land is valued at $242,000 and the building at $376,000. Prepare the journal entry to record issuance of the stock in exchange for the land and building. (Omit the "$" sign in your response.) General Journal Debit Credit Common stock, no-par value (Click to select) (Click to select) (Click to select) Paid-in capital in excess of par value, common stock Building Cash Accounts receivable Common stock, $5 par value Common stock, no-par value Organization expenses Land

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