Daily Corporation sold and issued 10,000 shares of its common stock for \(\$ 315,000\) on June 8. Give the entry to record the sale under each of the following independent assumptions:

(a) the stock is no-par stock and the board of directors did not place a stated value on the stock;

(b) the stock is no-par stock and the board placed a \(\$ 5\) per share stated value on the stock;

(c) the stock has a \(\$ 10\) par value.