Prepare journal entries to record each of the following independent stock issue situations.
(a)		Sherri Hui Corporation issued 100,000 shares of $1 par value common stock. The issue price was $30 per share.
(b)		Ariana Corporation issued 50,000 shares of no-par common stock for $10 per share.
(c)		Laser Golf issued 40,000 shares of $100 par value preferred stock. The issue price was $102 per share.
(d)		Charleston Industries issued 5,000 shares of $5 par value common stock for land with a fair value of $75,000.

GENERAL JOURNAL
Date	Accounts		Debit	Credit
(a)
	To record issue of 100,000 shares of $1 par value common stock at $30 per share
(b)
(c)
	To record issue of 40,000 shares of $100 par value preferred stock at $102 per share
(d)
	To record issue of 5,000 shares of $5 par value common stock for land with a fair value of $75,000