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Prepare the journal entry to record issuance of the stock

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Question - Stock issuance for noncash assets - Sudoku Company issues 28,000 shares of $7 par value common stock in exchange for land and a building. The land is valued at $230,000 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: EM133094586

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