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Exercise 11-5 Stock issuance for noncash assets LO P1 Sudoku Company issues 36,000 shares of...

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Accounting

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Exercise 11-5 Stock issuance for noncash assets LO P1 Sudoku Company issues 36,000 shares of $6 par value common stock in exchange for land and a building. The land is valued at $235.000 and the building at $375,000. Prepare the journal entry to record issuance of the stock in exchange for the land and building Journal entry worksheet > Record the issue of 36,000 shares of $6 par value common stock in exchange for land valued at $235,000 and a building valued at $375,000. Note: Freer det before credits Transaction General Journal Debit Credi Record entry Clear entry View general Journal

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