Question: Brief Exercise 13-05 your answer is partially correct. Try again. Novak Inc's $11 par value common stock is actively traded at a market price of

Brief Exercise 13-05 your answer is partially correct. Try again. Novak

Brief Exercise 13-05 your answer is partially correct. Try again. Novak Inc's $11 par value common stock is actively traded at a market price of $14 per share. Novak issues 5,700 shares to purchase land advertised for sale at $76,000. Journalize the issuance of the stock in acquiring the land. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Credit Debit Land 7680 x Common Stock 6270 Paid-in Capital in Excess of Par-Common Stock 1710 Click if you would like to Show Work for this question: Open Show Work

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