Chavoy Corporation was organized on July 1. The company's charter authorizes 100,000 share of $10 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 $9,600). On August 15, Chavoy issued 5,000 common shares for $75,000 cash. On October 15, Chavoy issued 3,000 common shares to acquire a vacant land site appraised at $48,000.

The journal entries need to be prepared to record the stock issuances on August 1, August 15 and October 15.