Soku company issues 35000 shares of 9 par value common, Ask an Expert

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Soku Company issues 35,000 shares of $9 par value common stock in exchange for land and a building. The land is valued at $230,000 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, Accounting

Category:- Accounting Basics
Reference No.:- M9984073

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