When 10,000 shares of ($ 20) par value common stock are issued in payment for a parcel

Question:

When 10,000 shares of $\$ 20$ par value common stock are issued in payment for a parcel of land with a fair market value of $\$ 300,000$, the Common Stock account is credited for $\$ 200,000$, and the Paid-In Capital in Excess of Par Value-Common account is credited for $\$ 100,000$.

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