Big Sky Company is authorized to issue 200,000 shares of common stock. On August 1, the company issued 10,000 shares at $25 per share. Prepare entries in journal form to record the issuance of stock for cash under each of the following alternatives:

1 . The stock has a par value of $25.

2. The stock has a par value of $10.

3. The stock has no par value.

4. The stock has a stated value of $1 per share.