Pronghorn Corporation issued 4,250 shares of stock. Prepare the entry for the issuance under the following assumptions.

• The stock had a par value of $10 per share and was issued for a total of $47,500.
• The stock had a stated value of $10 per share and was issued for a total of $47,500.
• The stock had no par OR stated value and was issued for a total of $47,500.
• The stock had a par value of $10 per share and was issued to attorneys for services during incorporation valued at $47,500.
• The Stock had a par value of $10 per share and was issued for land worth $47,500.