Exercise 13-4 Stock issuance for noncash assets LO P1 Sudoku Company issues 34,000 shares of...
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Exercise 13-4 Stock issuance for noncash assets LO P1 Sudoku Company issues 34,000 shares of $6 par value common stock in exchange for land and a building. The land is valued at $226,000 and the building at $375,000. Prepare the journal entry to record issuance of the stock in exchange for the land and building View transaction list Journal entry worksheet 1 Record the issue of 34,000 shares of $6 par value common stock in exchange for land valued at $226,000 and a building valued at $375,000 Note: Enter debits before credits General Journal Debit Credit Transaction 1
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