Prepare journal entries to record the following four separate issuances of stock.
1. Issued 80 shares of $5 par value common stock for $700 cash.
2. Issued 40 shares of no-par common stock to promoters in exchange for their efforts, estimated to be worth $800. The stock has a $1 per share stated value.
3. Issued 40 shares of no-par common stock in exchange for land estimated to be worth $800. The stock has no stated value.
4. Issued 20 shares of no-par common stock with a stated value of $30 per share for $900 cash.