A corporation issued 6,000 shares of $10 par value common stock in exchange for some land with a market value of $90,000. The entry to record this exchange is:

Debit Common Stock $60,000; debit Paid-In Capital in Excess of Par Value, Common Stock $30,000; credit Land $90,000.

Debit Land $60,000; credit Common Stock $60,000.

Debit Land $90,000; credit Common Stock $90,000.

Debit Common Stock $90,000; credit Land $90,000.

Debit Land $90,000; credit Common Stock $60,000; credit Paid-In Capital in Excess of Par Value, Common Stock $30,000.