Sudoku Company issues 26,000 shares of $7 par value common stock in exchange for land and a building. The land is valued $229,000 and the building at $368,000. 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 26,000 shares of $7 par value common stock in exchange for land valued at $229,000 and a building valued at $368,000. Note: Enter debits before credits. Transaction General Journal Debit Credit

Sudoku Company issues 26,000 shares of $7 par value common stock in exchange for land and a building. The land is valued $229,000 and the building at $368,000. 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 26,000 shares of $7 par value common stock in exchange for land valued at $229,000 and a building valued at $368,000. Note: Enter debits before credits. Transaction General Journal Debit Credit

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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