Solved: The land is valued at 232000 and the building at 365000, Accounting Basics

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The land is valued at 232000 and the building at 365000

Question - Sudoku Company issues 23,000 shares of $9 par value common stock in exchange for land and a building. The land is valued at $232,000 and the building at $365,000. 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 232000 and the building at 365000

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Accounting Basics: The land is valued at 232000 and the building at 365000

Reference No:- TGS02709471

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