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Brief Exercise 11-4 Lei Inc.'s $10 par value common stock is actively traded at a market price of $15 per share. Lel issues 5,000 shares
Brief Exercise 11-4 Lei Inc.'s $10 par value common stock is actively traded at a market price of $15 per share. Lel issues 5,000 shares to purchase land advertised for sale at $85,000. Journalize the issuance of the stock in acquiring the land. (Credit account titles are automatically indented when amount is entered Do not indent manually. I na Brief Exercise 11-5 rb Inc. issues 5,000 shares of $100 par yalue preferred stock for cash at $130 per share
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