Bridgeport Inc.$\text{'}$s $$10$ par value common stock is actively traded at a market price of $$16$ per share. Bridgeport issues $4,000$ shares to

purchase land advertised for sale at $$72,000.$

Journalize the issuance of the stock in acquiring 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.$)$

Account Titles and Explanation

Debit

Credit