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) $$\begin{array} { |l | c | c | } \hline \text { Land } & 60,000 & \\\hline \text { Common Stock } & & 50,000 \\\hline \begin{array} { c } \text { Paid-In Capital in Excess of Par Value } \\\text { Common Stock }\end{array} & & 10,000 \\\hline\end{array}$$
B) $$\begin{array} { | l | c | c | } \hline \text { Land } & 60,000 & \\\hline \text { Common Stock } & & 60,000 \\\hline\end{array}$$
C) $$\begin{array} { | l | c | c | } \hline \text { Land } & 50,000 & \\\hline \text { Common Stock } & & 50,000 \\\hline\end{array}$$
D) $$\begin{array} { | l | l | l | } \hline \text { Common Stock } & 50,000 & \\\hline \begin{array} { l } \text { Paid-In Capital in Excess of Par Value, } \\\text { Common Stock }\end{array} & 10,000 & \\\hline \text { Land } & & 60,000 \\\hline\end{array}$$
E) $$\begin{array} { |l | c | c | } \hline \text { Common Stock } & 60,000 & \\\hline \text { Land } & & 60,000 \\\hline\end{array}$$