Sudoku Company issues 21,000 shares of $7 par value common stock in exchange for land and a building. The land is valued at $229,000 and the building at $361,000. Prepare the journal entry to record the issuance of the stock in exchange for the land and building.

Record the issue of 21,000 shares of $7 par value common stock in exchange for land valued at $229,000 and a building valued at $361,000.

Transaction	General Journal	Debit	Credit
1

Answer rating: 100% (QA)

General Ioornal Debit Oredi 229000 La... View the full answer