Chapter $11$ Problems $($i$)$

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$3$

Sudoku Company issues $30,000$ shares of $$6$ par value common stock in exchange for land and a building. The land is valued at $$230,000$ and the building at $$378,000.$ Prepare the journal entry to record issuance of the stock in exchange for the land and building.

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Journal entry worksheet

$\backslash$table$[[$eBook$],[$Hint$],[$Print$],[$References$]]$

A

Record the issue of $30,000$ shares of $$6$ par value common stock in exchange for land valued at $$230,000$ and a building valued at $$378,000.$

Note: Enter debits before credits.

$\backslash$table$[[$Transaction$,$General Journal,Debit,Credit$],[1,,,],[,,,],[,,,],[,,,],[,,,]]$

Record entry

Clear entry

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