A company issued 21.000 shares of common stock with a par value of $3 per share in exchange for land with a market value of $221,000. Prepare the joumal entry to record this transaction. Journal entry worksheet Record the issuance of 21,000 shares of common stock with a par value of $3 per share in exchange for land with a market value of $221,000. Fotel Entest debits before credits