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.

Current Attempt in Progress 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 0 for the amounts. List all debit entries before credit entries.) Account Titles and Explanation Debit Credit eTextbook and Media ListofAccounts Assistance Used Accounts Payable Accretion Expense Accumulated Depreciation - Buildings Accumulated Depreciation - Equipment Accumulated Depreciation - Machinery Accumulated Depreciation - Plant Assets Accumulated Depreciation - Trucks Asset Retirement Obligation Buildings Cash Common Stock Contribution Expense Contribution Revenue Cost of Goods Sold Depreciation Expense Direct Labor Discount on Notes Payable Equipment Factory Overhead Forklift Furniture Gain on ARO Settlement Gain on Disposal of Buildings Gain on Disposal of Equipment Gain on Disposal of Machinery Gain on Disposal of Plant Assets Gain on Disposal of Trucks Insurance Expense SUPPORT Question 4 of 7 /1 viscuuili uli ivules rayalie Equipment Factory Overhead Forklift Furniture Gain on ARO Settlement Gain on Disposal of Buildings Gain on Disposal of Equipment Gain on Disposal of Machinery Gain on Disposal of Plant Assets Gain on Disposal of Trucks Insurance Expense Interest Expense Interest Payable Interest Revenue Inventory Land Land Improvements Loss on ARO Settlement Loss on Disposal of Buildings Loss on Disposal of Equipment Loss on Disposal of Machinery Loss on Disposal of Trucks Machinery Maintenance and Repairs Expense Materials No Entry Notes Payable Oil Platform Organization Expense Paid-in Capital in Excess of Par - Common Stock Plant Assets Prepaid Insurance Retained Earnings Salaries and Wages Expense Sales Revenue Trading Securities Trucks