On November 23, Elder Lift Corporation, a wholesaler of hydraulic lifts, acquired land in exchange for 2,200 shares of $5 par common stock with a current market price of $21. Journalize the entry to record the transaction. Refer to the Chart of Accounts for exact wording of account titles.

Three years ago, the city of recker committed to build a park and music venue by the river. it was expected to cost $2.5 million and be paid for from an additional meals tax in the community. the residents pushed back. local restaurants suffered as people ate out less or patronized restaurants in neighboring communities. the project has stalled, but the town council kept pushing it on. this spring, a flood devastated the venue. the town council appears to have suffered from bias