37) A corporation issued 6,600 shares of $10 par value common stock in exchange for some land with a market value of $102,000. The entry to record this exchange is: debit Common Stock $66,000; debit Paid-In Capital in Excess of Par Value, Common Stock $36,000; credit Land $102,000. debit Land $102,000; credit Common Stock $66,000; credit Paid-In Capital in Excess of Par Value, Common Stock $36,000. debit Common Stock $102,000; credit Land $102,000. debit Land $66,000; credit Common Stock $66,000. debit Land $102,000; credit Common Stock $102,000.