A Corporation Issued 5,000 Shares of $10 Par Value Common

A corporation issued 5,000 shares of $10 par value common stock in exchange for some land with a market value of $60,000.The entry to record this exchange is:

A) Debit Land $60,000; credit Common Stock $50,000; credit Paid-In Capital in Excess of Par Value, Common Stock $10,000.
B) Debit Land $60,000; credit Common Stock $60,000.
C) Debit Land $50,000; credit Common Stock $50,000.
D) Debit Common Stock $50,000; debit Paid-In Capital in Excess of Par Value, Common Stock $10,000; credit Land $60,000.
E) Debit Common Stock $60,000; credit Land $60,000.