a corporation acquires land valued at $95,000 and a building valued at $102,500 by issuing 5,000 shares of $20 par value common stock and $50,000 cash. Which of the following would be included in the entry to record this transaction?

a.paid in capital in excess of par common would be credited for $157,500

b. paid in capital in excess of par common would be credited for $47,500

c. common stock would be credited for $197,500

d. retained earnings would be credited for $37,500