Chapter 11 Videos Help 6 Required information 1 Part 3 of 4 0.55 On January 15, Pinkney, Inc., issued 10,000 shares of $10 par value common stock in exchange for land and a building. Five years ago, the stockholder purchased the land for $40,000 and constructed the building at a cost of $90,000. At the time of the stock issuance, the land and the building had fair Enter debts before credits DOO General Journal bebil Cre Date Jan 15 Water Viewer Record entry Clear entry 6 Required information Part 3 of 4 stock in exchange for land and a building. Five years ago, the stockholder purchased the land for $40,000 and constructed the building at a cost of $90,000. At the time of the stock issuance, the land and the building had fair market values of $45,000 and $95,000, respectively. 0.55 points Note: Enter debts before credits Book Date General Journal Debit Credit Pyt Jan 15 Heferences Record entry Clear entry View general journal