Provide journal entries to describe the following transactions.

a) On October 20th, Chainsaw Carins Electronics, Inc. sells merchandise for $9,500 on account. The acquisition cost of this merchandise was $5,000.

b) Chainsaw Carins Electronics, Inc issues 5,000 shares of $2-par value common stock for $50,000 cash.

c) Chainsaw Carins Electronics, Inc spends $75,000 to develop a customer list for the Missouri Valley region. The company also purchases a customer list for the Intermountain West region from Protti Market Research, receiving the list in exchange for 2500 shares of Chainsaw Carins common stock. This stock is identical to the stock issued in b). Provide a journal entry only for the transaction(s) that immediately creates a balance sheet asset.