Issuing Stock for Assets Other Than Cash On November 23, Elder Lift Corporation, a wholesaler of hydraulic lifts, acquired land in exchange for 22,000 shares of $8 par common stock with a current market price of $13 Journalize the entry to record the transaction. If an amount box does not require an entry, leave it blank. Land Nov. 23 Eseb Common Stock Paid-In Capital in Excess of Par-Common Stock V