Cash and Noncash Share Issuances Chavoy Corporation was organized on July 1. The company's charter authorizes 100,000 shares of 510 par value common stock. On August 1, the attorney who helped organize the corporation accepted 800 shares of Chavoy common stock in settlement for the services provided (the services were valued at $15,600). On August 15, Chavoy issued 5,000 common shares for $81,000 cash, On October 15, Chavoy issued 3,000 common shares to acquire a vacant land site appraised at $52,000. Prepare the journal entries to record the stock issuances on August 1, August 15, and October 15. General Journal Description Credit Aug 1 Date Debit 5 0 Common Stock 05 0 0 0 0 Issued common shares in exchange for legal servicesto help organize the corporation Aug 15 Common Stock 0 0 0 0 0 0 Issued shares for cash on August 15. Oct 15 . 0 0 Common Stock . OO DO Issued common shares for land, Cash Common Stock Land Organization Cost Paid-in-Capital in excess of Par Value Tissued shares for cash onAugust 15