Jackson Company is a publicly held corporation whose $1 par value stock is actively traded at $46 per share. The company issued 5,000 shares of stock to acquire land recently advertised at $200,000. When recording this transaction, Barton Company will:

Select one:

a. debit Land for $225,000.

b. debit Land for $200,000.

c. credit Paid-In Capital in Excess of Par for $225,000.

d. credit Common Stock for $225,000.