Jackson Company is a publicly held corporation whose $1 par value stock is actively traded at $75 per share. The company issued 3,000 shares of stock to acquire land recently advertised at $200,000. When recording this transaction, Barton
Company will -
A) debit Land for $200,000.
B) debit Land for $225,000.
C) credit Common Stock for $195,000.
D) credit Paid-In Capital in Excess of Par for $196,000