Intermediate Accounting Chapter 18 Homework for Credit Use the following information for #1 -3: Motown Corporation has the following transactions: Common shares issued in exchange for property 376,000 Par value per share $ 0.50 Fair market value of building received in exchange for stock Date of exchange 1,878,900 1/1/X1 1.) How much (if any) should be debited to the Building account? 2.) How much (if any) should be credited to the Common Stock account? 3.) The additional credit needed to balance the entry should go to what account?