On December 2,2017,Ewell,Inc

On December 2,2017,Ewell,Inc.purchases land.In payment for the land,Ewell,Inc.issues 10,000 shares of common stock with $8 par value.The land has been appraised at a market value of $490,000.Which of the following is included in the journal entry to record this transaction?

A) debit Common Stock-$8 Par Value for $80,000 and debit Paid-In Capital in Excess of Par
-Common $410,000
B) credit Common Stock-$8 Par Value for $80,000 and credit Paid-In Capital in Excess of Par-Common $410,000
C) credit Common Stock-$8 Par Value for $490,000
D) debit Cash $490,000