Accounting Question HELP!

Fielder Company obtained land by issuing 2,000 shares of its $10 par value common stock. The common stock was actively traded at $40 per share at the time of the transaction. The land was recently appraised at $85,000. Prepare the journal entry to record the acquisition of the land. Date Account Debit Credit MM/DD/YY The City of Bel Aire owns property with a warehouse located on it that it will donate to Cheng Company if Cheng will build a plant in Bel Aire. Cheng decided to accept the proposal from Bel Aire. The appraised value of the property is as follows: $500,000 for the land and $1,000,000 for the warehouse. Journalize the receipt of the properties donated to Cheng by the city of Bel Aire. Date Account Debit Credit MM/DD/YY