Cash and non-cash share issuances: chavoy corporation was organized on july 1. the company’s charter authorizes 100,000 shares of $10 par value common stock. on august 1, the attorney who organize the corporation accepted 800 shares of chavoy common stock in settlement for the services provided (the services were valued at $9600). on august 15, chavoy issued 5000 common shares for $75,000 cash. on october 15, chavoy issued 3000 common shares to acquire a vacant land site appraised at $48,000. prepare the journal entries to record the stock issuances on august 1, august 15, and october 15.

Employees at a library check out books to patrons. books have an isbn and a name. the library sometimes has multiple copies of the same book. books have one or more authors. a patron is an individual who has an active (non-expired) library card. for each library card, we store the person's first and last names and their address. for each employee, we store their employee id, current salary, first and last name and their address. we also store the employee id of their current manager. each time we check out a book to a patron we need to store the date of the transaction, the employee who checked out the book to the patron, and the library card of the patron. some employees have library cards. if an employee patron turns in a book late, the fine that they pay is a percentage of their salary. some employees are authors who have library cards—they are allowed to check out as many books as they like.