A corporation sold 7,400 shares of $10 par value common stock for a building valued at $118,000. The entry to record this is: Muitiple Choice Debit Building $118,000; credit Common Stock $74,000, credit Paid-In Capital in Excess of Par Value, Common Stock $44,000. Debit Building $118,000; credit Common Stock $118,000. Debit Bullding $74,000; credit Common Stock $74,000. Debit Common Stock $74,000; debit Poid-In Capital in Excess of Par Value, Common Stock $44,000, credit Building $118,000 Debit Common Stock $118,000; credit Bulling $118,000