$2-2.$ The following are independent transactions relating to share capital:

a$.$ Issued $10,000$ ordinary shares of $P150$ par value at P$200$ per share. The company incurred and paid documentary stamp tax and other SEC registration fees for $P60,000$ and public relations consultants' fees of $P25,000.$

b$.$ Issued $3,500$ ordinary shares of P$200$ par in exchange for a parcel land to be used as a plant site. The ordinary share capital is actively traded on the Philippine Stock Exchange at an average price of P$560$ per share.

c$.$ Issued $100,000,P100$ par ordinary shares for $P18,000,000.$ One share of P$500$ par preference was issued with every $20$ ordinary shares. At this time, the market price per share were: Ordinary $-$ P$120$ and Preference $-$ P$800.$

d$.$ Subscriptions to $5,000$ ordinary shares with P$100$ par value are received from various subscribers along with checks amounting to $25\%$ of the subscription price as down payment. The share capital was subscribed at P$120$ per share. The balance of the subscription price is to be paid in three equal monthly installments.

e$.$ Received a parcel of land from a wealthy shareholder to be used for the construction of a new factory building. Legal fees of P$40,000$ were paid. The fair market value of the land was P$5,000,000.$ The cost of the land to the shareholder was $P800,000$ ten years ago.

REQUIRED:

Journal entries to record the foregoing transactions.