ning resource Issuing stock for assets other than cash Instructions Chart of Accounts Journal Instructions On November 23, Elder Lift Corporation, a wholesaler of hydraulic lifts, acquired and in exchange for 3,800 shares of $5 at common stock with a current market price of $22. Journalize the entry to record the transaction. Refer to the Chart of Accounts for exact wording of account titles Issuing stock for assets other than cash Instructions Chart of Accounts Journal M Instructions Journal Journalize the entry to record the transaction. Refer to the Chart of Accounts for exact wording of account titles. ACCOUNTING EQUATI JOURNAL DEBIT CREDIT ASSETS LIABILITIES POST: REF. DESCRIPTION DATE 1 2 3