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Save EKIE A corporation issued 6,000 shares of its $2 par value common stock in exchange for land that has a market value of $84,000.

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Save EKIE A corporation issued 6,000 shares of its $2 par value common stock in exchange for land that has a market value of $84,000. The entry to record this transaction would include: 49 Multiple Choice A debit to Common Stock for $12,000 A debit to Land for $12,000 A credit to Poid-in Capital in Excess of Par Volue. Common Stock for $72.000 A credit to Land for $12,000. AM 0 Saved Multiple Choice A debit to Common Stock for $12,000. 20 A debit to Land for $12,000. A credit to Paid-in Capital in Excess of Par Value, Common Stock for $72,000. A credit to Land for $12,000. A credit to Common Stock for $84,000

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