Answer: Please see explanation column for answers
Explanation:
 Accounts and explanation           Debit                     Credit
1                    Cash                  $240,000  
Common Stock (10,000 X 20)                                      $200,000
Paid in Excess of Par- Common Stock
($240,000- 200,000)                                                    $ 40,000
(Being common shares issued for cash)  
2. Organisation  Expenses                $36,000
Common Stock (5000x1)                                                   $5000
Paid in Excess of Par- Common Stock = 36,000-5000  $31,000
(Being common shares issued to promoters)  
3	Organisation  Expenses           $36,000    
       Common Stock                                                         $36000
Since There is no stated value,  paid in excess of par will not be calculated 
4	Cash                                         $98,500  
Preferred Stock (2500 x 25)                                             $62,500
Paid in Excess of Par- Preferred Stock 
(98,500- 62,500)                                                               $36,000
(Being preferred shares issued for cash)