Sudoku Company issues 22,000 shares of $6 par value common stock in exchange for land and a building. The land is valued at $233,000 and the building at $366,000. 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 22,000 shares of $6 par value common stock in exchange for land valued at $233,000 and a building valued at $366,000. Note: Enter debits before credits. Transaction 1 Record entry General Journal Clear entry Prev 4 of 20 = ‒‒‒ ▬▬▬ Debit Next View general journal
Sudoku Company issues 22,000 shares of $6 par value common stock in exchange for land and a building. The land is valued at $233,000 and the building at $366,000. 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 22,000 shares of $6 par value common stock in exchange for land valued at $233,000 and a building valued at $366,000. Note: Enter debits before credits. Transaction 1 Record entry General Journal Clear entry Prev 4 of 20 = ‒‒‒ ▬▬▬ Debit Next View general journal
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
H1.
Transcribed Image Text:Sudoku Company issues 22,000 shares of $6 par value common stock in exchange for land and a
building. The land is valued at $233,000 and the building at $366,000. 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 22,000 shares of $6 par value common stock in exchange
for land valued at $233,000 and a building valued at $366,000.
Note: Enter debits before credits.
Transaction
1
Record entry
General Journal
Clear entry
Prev
4 of 20
‒‒‒
Debit
Next
Credit
my
View general journal
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