7. A corporation issued 5,000 shares of its $10 par value common stock in exchange for land that has a market value of $85,000. The e ntry to record this transaction would include: O A debit to Land for $50,000 O A credit to Land for $50,000 O A debit to Common Stock for $50,000 O A credit to Common Stock for $85,000 A credit to Contributed Capital in Excess of Par Value, Common Stock for $35,000 Type here to search