June 17 , Kinney Inc. issued 120,000 shares of its ( $ 0.10 ) par value common stock in exchange for land. On the date of the transaction, the fair value of he common stock, evidenced by its market price, was ( $ 10 ) per share. The journal entry to record this transaction includes:

On June 17, Kinney inc. Issued 120,000 shares of its $0.10 par value common stock in exchange for land. On the date of the transaction, the fair value of the common stock, evidenced by its market price, was $10 per share. The journal entry to record this transaction includes