Answer: Please see explanation column for answers.
Explanation:
a)Journal to record  issuance of the shares at a stated value of $1 
Date             Account  and explanation            Debit          Credit
june 6       Cash                                               $24,000
           Common stock  at $1 stated value                            $4000
Paid in capital in excess of stated value                               $20,000
 Calculation:
Cash = issued shares x price per share 
 4000 x $6 = $24,000
 paid in capital  in excess pf par stated value =  $6- $1 x 4000 = $20,000
b)Journal to record  issuance of the stock in acquiring the land.
Date             Account  and explanation            Debit          Credit
              Land                                                   $85,000
           Common stock  at $10 (5000 x 10)                            $50,000
Paid in capital in excess of par value                                  $35,000
Calculation:
 cash to purchase land = issued shares x price per share 
 85,000= 5000 x $
$ = 85,000 /5000 = $17
Paid in capital in excess of par value $17-10 x 5000 = $35,000