Waterway Corporation issued 5,300 shares of stock.
Prepare the entry for the issuance under the following assumptions. (List all debit entries before credit entries)
(a) The stock had a par value of $5 per share and was issued for a total of $71,000.
(b) The stock had a stated value of $5 per share and was issued for a total of $71.000.
(c) The stock had a par value of $5 per share and was issued to attorneys for services during in-corporation valued at $71.000.
(d) The stock had a par value of $5 per share and was issued for land worth $71.000.