Prepare journal entries to record the following four separate issuances of stock. 1) Issued 80 shares of $5 par value common stock for $700 cash. 2) Issued 40 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $800. The stock has a $1 per share stated value. 3) Issued 40 shares of no-par common stock in exchange for land, estimated to be worth \$800. The stock has no stated value. 4) Issued 20 shares of $30 par value preferred stock for $900 cash