Waterway Company is a publicly held corporation whose $$1$ par value stock is actively traded at $$78$ per share.

The company issued $3900$ shares of stock to acquire land recently advertised at $$210000.$ When recording this

transaction, Waterway Company will

credit Common Stock for $$304200.$

debit Land for $$304200.$

credit Paid$-$In Capital in Excess of Par for $$304200.$

debit Land for $$210000.$