A corporation issued 6,700 shares of

$10

par value common stock in exchange for some land with a market value of

$104,000

. The entry to ecord this exchange is:\ Multiple Choice\ Debit Common Stock

$67,000

; debit Paid-In Capital in Excess of Par Value, Common Stock $37,000; credit Land

$104,000

.\ Debit Common Stock

$104,000

; credit Land

$104,000

.\ Debit Land

$67,000

; credit Common Stock

$67,000

.\ Debit Land

$104,000

; credit Common Stock

$67,000

; credit Paid-In Capital in Excess of Par Value, Common Stock

$37,000

.\ Debit Land

$104,000

; credit Common Stock

$104,000

.

corporation issued 6,700 shares of $10 par value common stock in exchange for some land with a market value of $104,000. The entry to cord this exchange is: Multiple Choice Debit Common Stock $67,000; debit Paid-In Capital in Excess of Par Value, Common Stock $37,000; credit Land $104,000. Debit Common Stock $104,000; credit Land $104,000. Debit Land $67,000; credit Common Stock $67,000. Debit Land $104,000; credit Common Stock $67,000; credit Paid-In Capital in Excess of Par Value, Common Stock $37,000. Debit Land $104,000; credit Common Stock $104,000