On February $1,2020,$ Cheyenne Corporation issued $3,000$ shares of its $$5$ par value common stock for land worth $$30,900.$

Prepare the February $1,2020,$ journal entry. $($Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$

Date

Account Titles and Explanation

Debit

Credit

Feb. $1,2020$