A corporation issued 6,100 shares of $10 par value common stock in exchange for some land with a market value of $92,000. The entry to record this exchange is Multiple Choice Debit Land $92,000, credit Common Stock $92.000 Debit Land $61.000; credit Common Stock $61,000. Debit Common Stock $92000, credit Land $92000 Debit Common Stock $61,000; debit Paid in Capital in Excess of Par Value. Common Stock $31,000. credit Land $92.000