Jackson company is a publicly held corporation whose $1 par value stock is actively traded at $64 per share. the company issued 3,000 shares of stock to acquire land recently advertised at $200,000. when recording this transaction, jackson company will

a) debit land for $200,000.

b) credit common stock for $192,000.

c) debit land for $192,000.

d) credit paid-in capital in excess of par for $196,000.