Sudoku Company issues 24,000 shares of $7 par value common stock in exchange for land and a building. The land is valued

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Sudoku Company Issues 24 000 Shares Of 7 Par Value Common Stock In Exchange For Land And A Building The Land Is Valued 1 (23.52 KiB) Viewed 111 times

Sudoku Company issues 24,000 shares of $7 par value common stock in exchange for land and a building. The land is valued at $244,000 and the building at $375,000. Prepare the journal entry to record issuance of the stock in exchange for the land and building Answer is complete but not entirely correct. No Transaction General Journal Credit А 1 Land Building Common stock, S7 par value Paid in capital in excess of par value, common stock Debit 244000 375.000 ⓇO 168,000 207.000