Sudoku Company issues 23,000 shares of $9 par value common stock in exchange for land and a building. The land is valued at $232,000 and the building at $365,000. Prepare the journal entry to record issuance of the stock in exchange for the land and building.

Answer rating: 100% (QA)

To record the issuance of 23000 shares of 9 par value common stock in exchange for land valued at 2... View the full answer