Barton Company Is a Publicly Held Corporation Whose $1 Par

Barton Company is a publicly held corporation whose $1 par value stock is actively traded at $31 per share. The company issued 3,000 shares of stock to acquire land recently advertised at $100,000. When recording this transaction, Barton Company will

A) debit Land for $100,000.
B) credit Common Stock for $93,000.
C) debit Land for $93,000.
D) credit Paid-In Capital in Excess of Par for $93,000.