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Sudoku Company Issues 23,000 shares of $9 par value common stock in exchange for land and a building. The land is v $226,000 and the building at $369,000. Prepare the Journal entry to record Issuance of the stock in exchange for the lan building. View transaction Det Journal entry worksheet

Sudoku Company Issues 23,000 shares of $9 par value common stock in exchange for land and a building. The land is v $226,000 and the building at $369,000. Prepare the Journal entry to record Issuance of the stock in exchange for the lan building. View transaction Det Journal entry worksheet

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Sudoku Company Issues 23,000 shares of $9 par value common stock in exchange for land and a building. The land is valued at $226,000 and the building at $369,000. Prepare the Journal entry to record issuance of the stock in exchange for the land and building. View transaction Det Journal entry worksheet Record the issue of 23,000 shares of $9 par value common stock in exchange for land valued at $226,000 and a building valued at $369,000. Note: Enter debits before credits. Transaction Record entry General Journal Clear entry Debit Credit View general Journal
Transcribed Image Text:Sudoku Company Issues 23,000 shares of $9 par value common stock in exchange for land and a building. The land is valued at $226,000 and the building at $369,000. Prepare the Journal entry to record issuance of the stock in exchange for the land and building. View transaction Det Journal entry worksheet Record the issue of 23,000 shares of $9 par value common stock in exchange for land valued at $226,000 and a building valued at $369,000. Note: Enter debits before credits. Transaction Record entry General Journal Clear entry Debit Credit View general Journal
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