A corporation issued 5,600 shares of $10 par value common stock in exchange for some land with a market value of $82 000. The entry to record this exchange is: Multiple Cholce Debit Land $82.000, credit Common Stock $56,000, credit Paid-In Capital in Excess of Par Velue, Common Stock $26.000 Debit Land $82,000, credit Common Stock $82000 Debit Land $56.000, crean Common Stock $56.000 Debit Common Stock $$6.00o. debit Paid-in Capital in Excess of Par Vislue. Common Stock $26,000, credit Land $82.000 Debit Common Stock $82000, credit Land $82.000 0 to search