Bridgeport Inc's $$10$ par value common stock is actively traded at a market price of $$15$ per share. Bridgeport issues $4,800$ shares to

purchase land advertised for sale at $$71,500.$

Journalize the issuance of the stock in acquiring the land. $($List all debit entries before credit entries. Credit account titles are automotically

indented when amount is entered. Do not indent manually.$)$

Account Titles and Explanation