Your answer is partially correct Culver inc's $ 9 par value common stock is actively traded at a market price of $ 16 per share. Culver issues 5,000 shares to purchase land advertised for sale at $ 72,500 Journalize the issuance of the stock in acquiring the land. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit Land Common Stock 45000 Pald-in Capitalin Excess of Par-Common Stock