52 A corporation issued 7.300 shares of $10 par value common stock in exchange for some land with a market value of $116,000. The entry to record this exchange is: ts Multiple Choice eBook Debit Land $116,000; credit Common Stock $73,000 credit Paid-In Capital in Excess of Par Volue, Common Stock $43,000 Debit Land $116,000, credit Common Stock $116,000 Debit Land $73,000, credt Common Stock $73,000 Debt Common Stock $73,000, debit Paid in Capital in Excess of Par Value, Common Stock $43.000 credit Land $16,000 Debit Common Stock $116,000, credid Land $116.000