v E v2.cengagenow.com 4r: 6 - Ch 12 Exercise: Issuing stock for assets other than cash III Instructions On November 23, Elder Lift Corporation, a wholesaler ct hydraulic lifts, acquired land in exchange for 2,200 shares of $5 common stock with a current market price of $21. Journatr'ze the entry to record the transaction. Refer to the Chart of Accounts for exact wording of account titles. Chart of Accounts 110 Cash 410 Sales 120 Accounts Receivable 610 Interest Revenue 131 Notes Receivable 132 Interest Receivable 141 Inventory 145 Ofce Supplies 151 Prepaid Insurance 181 Land 193 Equipment 194 Accumulated Depreciation-Equipment EXPENSES 510 Cost of Goods Sold 515 Credit Card Expense 520 Salaries Expense 531 Advertising Expense 532 Delivery Expense 533 Selling Expenses 534 Rent Expense Journal 0 JOUmattze me an"), ID ref-'0\": me Hansacon. Here, to me Una\" Of ACCOUHIS for 3x35? \"\"0me Of Emu\": Hues. PAGE 10 JOURNAL ACCOUNTING EQUATION DESCRIPTION PEDESFT- DEBIT CREDIT ASSETS LIABILITIEEQUITI' Check My Work 1 more Check My Work uses remaining. ( Previous Next ) :lgnment Score: 13.07% All work saved. Submit Assignment for Grading