Prepare the necessary journal entry for each of the following transactions for Terpsichorp Corporation. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

(a) Issued 2,000 shares of its $10 par value common stock for $20 per share.

(b) Issued 5,000 shares of its stock for land advertised for sale at $90,000. Terpsichorps stock is actively traded at a market price of $16 per share.

No.	Account Titles and Explanation	Debit	Credit
(a)
(b)