Agricola, an agricultural start-up, is issuing stock to its shareholders. It issues 10,000 shares of $2 par value stock to its shareholders in exchange for $300,000 and a combine with a value of $500,000. What journal entry would Agricola book for this? What if the stock was no-par stock?

If Agricola incurred $50,000 of cost in issuing the shares, how would that affect the journal entries above? (You dont need to redo them; you can simply note what would change.)