Sudoku company issues 28,000 shares of $6 par value common stock in exchange for land and a building. the land is valued at $243,000 and the building at $370,000. prepare the journal entry to record issuance of the stock in exchange for the land and building.

Explanation:

The journal entry is shown below:

Land A/c Dr $243,000

Building A/c Dr $370,000

           To Common stock A/c $168,000                  (28,000 shares × $6)

           To Paid-in capital in excess of par value - common stock $445,000

(Being the issuance of the common stock in exchange of land and building)

Simply we debited the land account and building account and credited the common stock and paid in capital in excess of par value

answer; according to the ( irs );

the investment was $14,174.196

explanation:

a lump sum means that the father of the example made one deposit and leave it be.

we need to know the value of a capital that generated at 4.05% per year during 28 years the sum of $48,613.24

now clearing the formula to solve for capital we got:

and we reach the answer investment = $14,174.20