PRINTER VERSION BACK NEXT Brief Exercise 13-5 Your answer is partially correct. Try again. Lei Inc.'s $9 par value common stock is actively traded at a market price of $14 per share. Lei issues 6,400 shares to purchase land advertised for sale at $79,500. 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 $ 79,500 Common Stock $57,600 x Paid-in Capital in Excess of Stated Value-Common $21,900 Click if you would like to Show Work for this question: Open Show Work Question Attempts: 1 of 3 used