On April 5, Fenning Corporation, a wholesaler of hydraulic lifts, acquired land in exchange for 30,000 shares of $15 par common stock valued at $19 per share.

Journalize the entry to record the transaction. If an amount box does not require an entry, leave it blank.

Apr. 5	CashCommon StockLandPaid-In Capital in Excess of Par-Common StockPreferred Stock	- Select -	- Select -
	Accounts PayableCashCommon StockLandPreferred Stock	- Select -	- Select -
	CashLandPaid-In Capital in Excess of Par-Common StockPreferred StockRetained Earnings	- Select -	- Select -