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Sudoku company issues 7000 shares of 7 par value common

Sudoku Company issues 7,000 shares of $ 7 par value common stock in exchange for land and a building. The land is valued at $ 45,000 and the building at $ 85,000. Prepare the journal entry to record issuance of the stock in exchange for the land and building.

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Accounting Basics: Sudoku company issues 7000 shares of 7 par value common

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