Sudoku Company issues 7,000 shares of $7 par value common stock in exchange for land and a building. The land is valued at $45,000 and the building at $85,000. Prepare the journal entry to record issuance of the stock in exchange for the land and building.

Answer rating: 100% (QA)

Land 45000 Building 85000 Common Stock 7 ... View the full answer