Prepare journal entry to record issuance of stock exchange

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Reference no: EM13216134

Sudoku Company issues 23,000 shares of $5 par value common stock in exchange for land and a building. The land is valued at $232,000 and the building at $374,000. Prepare the journal entry to record issuance of the stock in exchange for the land and building.

Reference no: EM13216134

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