$1.$ ABC Company was authorized to issue $500,000$ shares of $$1$ par common stock and $50,000$ shares of no$-$par preferred stock. The following transactions occurred during $2012.$

Jan $15$ Issued $250,000$ shares of common stock at $$12$ per share for cash.

Mar $10$ Issued $20,000$ shares of preferred stock for $$20$ per share.

June $1$ Exchanged $100,000$ shares of common stock for equipment. The equipment Had an asking price of $$120,000,$ fair market value was $$145,000.$

Aug $30$ Issued $25,000$ shares of preferred stock for $$22$ per share.

Oct $10$ Issued $75,000$ shares of common stock for cash at $$15$ per share.

Journal the above transactions.