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

Smith Company exchanges assets to acquire a building. The market price of the Smith stock on the exchange date was $38 per share and the bullding's book value on the books of the seller was $215,000. Which of the following is correct for Smith Company when Smith issues 10,000 shares of $10 par value common stock and pays $21,500 cash in exchange for the butlding? Murtiple cholce Total assets Increase $380,000. Stockholders equity increases $215.000. Total assets increase $350.500. stocknoiders' equity increases $358.500.

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Exercise 11-6 (Algo) Stock issuance for noncash assets LO P1 Sudoku Company issues 30,000 shares of $7 par value common stock in exchange for land and a building. The land is valued at $236,000 and the building at $364,000. Prepare the journal entry to record issuance of the stock in exchange for the land and building. No A Transaction 1 Answer is complete but not entirely correct. General Journal Land Building Common stock, $7 par value Paid-in capital in excess of par value, common stock ✓ Debit 236,000✔ 364,000 Credit 210,000 210,000 x

Belize Biltmore Plaza acquires a patent from Camino Real in exchange for 3,000 shares of Belize Biltmore Plaza’s $6 par value common stock and $85,000 cash. When the patent was initially issued to Camino Real, Belize Biltmore Plaza’s stock was selling at $8.25 per share. When Belize Biltmore Plaza acquired the patent, its stock was selling for $9.50 per share. Belize Biltmore should record the patent at what amount?

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Smith Company exchanges assets to acquire a building. The market price of the Smith stock on the exchange date was $37 per share and the building's book value on the books of the seller was $210,000. Which of the following is correct for Smith Company when Smith Issues 10,000 shares of $10 par value common stock and pays $21,000 cash in exchange for the building? Multiple Choice Stockholders' equity increases $210,000. O Total assets increase $349,000. Total assets increase $370,000. Stockholders' equity increases $349,000.

how do i journal entry this transaction - common stock has a par $1 Purchased land and a building from Gretchen Northway in exchange for stock issued at par. The building is mortgaged for $180,000 for 20 years at 6%, and there is accrued interest of $5,200 on the mortgage note at the time of the purchase. The corporation agreed to assume responsibility for paying the mortgage note and accrued interest. It is agreed that the land is to be valued at $60,000 and the building at $225,000 and that Gretchen Northway will be issued stock at par.

Sudoku Company issues 20,000 shares of $8 par value common stock in exchange for land and a building. The land is valued at $226,000 and the building at $376,000. Prepare the journal entry to record issuance of the stock in exchange for the land and building. View transaction list Journal entry worksheet A Record the issue of 20,000 shares of $8 par value common stock in exchange for land valued at $226,000 and a building valued at $376,000. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit

Sudoku Company issues 21,000 shares of $8 par value common stock in exchange for land and a building. The land is valued at $239,000 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 A Record the issue of 21,000 shares of $8 par value common stock in exchange for land valued at $239,000 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