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Exercise 11-6(Algo) Stock issuance for noncash assets LO P1 Sudoku Company...

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Accounting

Exercise 11-6(Algo) Stock issuance for noncash assets LO P1
Sudoku Company Issues 22,000 shares of $5 par value common stock in exchange for land and a building. The land is valued at $235,000 and the bullding at $361,000. Prepare the journal entry to record issuance of the stock In exchange for the land and bullding.
Journal entry worksheet
A
Record the issue of 22,000 shares of $5 par value common stock in exchange for land valued at $235,000 and a building valued at $361,000.
Note: Enter debits before credits.
\table[[Transaction,General Journal,Debit,Credit],[1,,=,
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