NOV 28 15 Issued common stock at a premium. Jan 10: Issued 40,000 shares of 5%, $12 par value preferred stock in exchange for land with a market value of $720,000. Date Jan. 10 Land Accounts and Explanation Preferred Stock-$12 Par Value Paid-In Capital in Excess of Par-Preferred Issued preferred stock in exchange for land. ty T MacBook Air 43 A e Debit Credit 720,000 Clear all Check answer