Zeus Corporation issued 5,000 shares of stock.

Instructions

Prepare the entry for the issuance under the following assumptions.

(a)The stock had a par value of $5 per share and was issued for a total of $65,000.

(b)The stock had a stated value of $5 per share and was issued for a total of $65,000.

(c)The stock had a par value of $5 per share and was issued to attorneys for services during in-corporation valued at $65,000.

(d)The stock had a par value of $5 per share and was issued for land worth $65,000.