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It gets cut off, but it reads Sudoku Company issues 7000 shares of...

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Accounting

It gets cut off, but it reads
Sudoku Company issues 7000 shares of $7 par value common stock in exchange for land and a building. The land is valued at $45000 and the building at $85000. Prepare the journal entry to record issuance of the stock in exchange for the land and the building. image
Exercise 114 Stock issuance for noncash assets LP1 Sudoku Company issues 7,000 shares of $7 par value common stock in exchange for land and a building The lan View transaction list Journal entry worksheet Record the issue of 7,000 shares of $7 par value common stock in exchange for land valued at $45,000 and a building valued at $85,000. Note: Enter debits before credits. General Journal Debit Credit Record entry Clear entry View general journa Reterences eBook & Resources O Type here to search

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