Sudoku Company issues 25,000 shares of $7 par value common stock in exchange for land and a building. The land is valued at $238,000 and the building at $379,000 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 25,000 shares of $7 par value common stock in exchange for land valued at $238,000 and a building valued at $379,000. Note: Enter debits before credits Transaction 1 Record entry General Journal Clear entry Debit Credit View general journal

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Sudoku Company issues 25,000 shares of $7 par value common stock in exchange for land and a building. The land is valued at
$238,000 and the building at $379,000. 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 25,000 shares of $7 par value common stock in exchange
for land valued at $238,000 and a building valued at $379,000.
Note: Enter debits before credits
Record entry
General Journal
Clear entry
Debit Credit
View general journal
Transcribed Image Text:Sudoku Company issues 25,000 shares of $7 par value common stock in exchange for land and a building. The land is valued at $238,000 and the building at $379,000. 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 25,000 shares of $7 par value common stock in exchange for land valued at $238,000 and a building valued at $379,000. Note: Enter debits before credits Record entry General Journal Clear entry Debit Credit View general journal
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