Five hundred shares of $25 par common stock was exchanged for a piece of equipment with a fair market value of $13,500. The journal entry to record the transaction would include a A. credit to Equipment for $12,500. 0. debit to Common Stock for $12,500. C. credit to Paid-In |Capital in Excess of ParCommon for $1,000. 0. credit to Common Stock for $13,500