Garza Co. had the following transactions during the current period.

Mar. 2 Issued 5,000 shares of $1 par value common stock to attorneys in payment of a bill for $30,000 for services provided in helping the company to incorporate.

June 12 Issued 60.000 shares of $1 par value common stock for cash of $375,000.

July 1 1 Issued 1,000 shares of $100 par value preferred stock for cash at $1 10 per share.

Nov. 28 Purchased 2.000 shares of treasury stock for $80,000.

Instructions Journalize the transactions.