Sudoku Company issues 33,000 shares of $7 par value common stock in exchange for land and...
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Sudoku Company issues 33,000 shares of $7 par value common stock in exchange for land and a building. The land is valued at $228,000 and the building at $372,000. Prepare the journal entry to record issuance of the stock in exchange for the land and building. View transaction list Journal entry worksheet Record the issue of 33,000 shares of $7 par value common stock in exchange for land valued at $228,000 and a building valued at $372,000. Note: Enter debits before credits Transaction 1 General Journal Debit Credit Sudoku Company issues 33,000 shares of $7 par value common stock in exchange for land and a building. The land is valued at $228,000 and the building at $372,000. Prepare the journal entry to record issuance of the stock in exchange for the land and building. View transaction list Journal entry worksheet Record the issue of 33,000 shares of $7 par value common stock in exchange for land valued at $228,000 and a building valued at $372,000. Note: Enter debits before credits Transaction 1 General Journal Debit Credit
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Fixed assets are the longterm assets that are intended to b... View the full answer
Related Book For
Fundamental accounting principle
ISBN: 978-0078025587
21st edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
Posted Date:
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