on november 23, elder lift corporation, a wholesaler of hydraulic lifts, acquired land in exchange for 26,000 shares of $20 par common stock with a current market price of $26. journalize the entry to record the transaction. if an amount box does not require an entry, leave it blank. date account debit credit nov. 23 land land land common stock common stock common stock 520,000 paid-in capital in excess of par-common stock paid-in capital in excess of par-common stock paid-in capital in excess of par-common stock 156,000 feedback area