Cash and Noncash Share Issuances Chavoy Corporation was organized on July i. The company's charter authorizes 100,000 shares of $1 par value common stock. On August 1, the attorney who helped organize the corporation accepted 950 shares of Chavoy common stock in settlement for the services provided (the services were valued at $9,800). Or August 15, Chavoy issued 6,000 common shares for $75.000 cash. On October 15, Chavoy issued 3,000 common shares to acquire a vacant land site appraised at s50,000. Prepare the journal entries to record the stock issuances on August 1, August 15, and October 15 General journal Date Description Debit Credit Aug, 1 Common Stock Issued common shares in exchange for legal services to help organize the corporation Aug. 15 Common Stock Issued shares for cash on August 15. Oct. 15 Common Stock Issued common shares for land. Check