Prepare the journal entry to record issuance

Reference no: EM13320259

Soku Company issues 26,000 shares of $9 par value common stock in exchange for land and a building. The land is valued at $242,000 and the building at $361,000. Prepare the journal entry to record issuance of the stock in exchange for the land and building

Reference no: EM13320259

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Prepare the journal entry to record issuance : Soku Company issues 26,000 shares of $9 par value common stock in exchange for land and a building. The land is valued at $242,000 and the building at $361,000. Prepare the journal entry to record issuance of the stock in exchange for the land and..

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