Wildhorse Company obtained land by issuing 2,850 shares of its $10 par value common stock. The land was recently appraised at $136,000. The common stock is actively traded at $46 per share. Prepare the journal entry to record the acquisition of the land. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) Account Titles and Explanation Debit Credit

Wildhorse Company obtained land by issuing 2,850 shares of its $10 par value common stock. The land was recently appraised at $136,000. The common stock is actively traded at $46 per share. Prepare the journal entry to record the acquisition of the land. (Credit occount titles are outomatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry' for the account titles and enter Ofor the amounts. List all debit entries before credit entries)