At the Beginning of the Year, Brandt Company Issued 5,000

At the beginning of the year, Brandt Company issued 5,000 shares of $1 par common stock in exchange for land with a book value of $130,000 and a market value of $100,000. The market value of the stock at the date of the transaction was $20 per share. The entry to record this transaction would include a

A) Debit to Land of $130,000
B) Credit to Common Stock for $100,000
C) Credit to Paid-in Capital in Excess of Par, Common Stock of $95,000
D) Debit to Common Stock for $5,000