1. Record the issue of 8000 shares of $10 par value common stock for $96000 cash
2. Record the issue of 4000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $45,000. The stock has a $1 per share stated value.
3. Record the issue of 4000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $45,000. The stock has no stated value.
4. Record the issue of 2,000 shares of $50 par value preferred stock for $145,000 cash.