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The land is valued at 225000 and the building at 360000

Question - Soku Company issues 36,000 shares of $9 par value common stock in exchange for land and a building. The land is valued at $225,000 and the building at $360,000. Prepare the journal entry to record issuance of the stock in exchange for the land and building.

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Accounting Basics: The land is valued at 225000 and the building at 360000

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Accounting Basics: The land is valued at 225000 and the building at 360000

Reference No:- TGS02609941

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