A corporation Issued 5,700 shares of $10 par value common stock in exchange for some land with a market value of $84,000. The entry to record this exchange is: Mutiple Choice Debit Land $84,000; credit Common Stock $57,000 credit Paid-In Capital In Excess of Par Value, Common Stock $27,000. Debit Land $84.000, credit Common Stock $84.000. Debit Land $57.000: credit common Stock $57.000. Debit Common Stock $57.000, cebit Paid-In Capital In Excess of Par value, Common Stock $27,000: credit Land $84,000. Debit Common Stock $94.000: credit Land $84.000