2005 Question 9 A corporation sold 14,000 shares of its $1 par value common stock at a cash price of $13 per share The entry to record this transaction would include: A debit to Paid-in Capital in Excess of Par Value, Common Stock for $182,000. A debit to Cash for $14,000. Acredit to Common Stock for $182,000. A credit to Common Stock for $14,000. Acredit to Paid-in Capital in Excess of Par Value, Common Stock for $196,000 credit to Paid-in Capital in Excess of Pal Vaill 2 pts Question 10 A corporation issued 6,000 shares of its $2 par value common stock in exchange for land that fara market value of $84,000. The entry to record this transaction would include: A debit to Common Stock for $12,000. A debit to Land for $12,000. Acredit to Land for $12,000. A credit to Paid-in Capital in Excess of Par Value, Common Stock for $72,000 A credit to Common Stock for $84,000