$1 per share. The following stock transactions were completed during the first year. June 15 Issued 169,000 shares of common stock for cash at $5 per share. June 30 Issued 22,600 shares of preferred stock for cash at $101 per share. Sept. 1 Issued 196,000 shares of common stock for cash at $7 per share. Oct. 1 Issued 5,300 shares of common stock to attorneys in payment of their bill of $42,400 for services rendered in helping the company organize. Oct. 15 Issued 24,800 shares of common stock for cash at $8.50 per share. Nov. 1 Issued 6,000 shares of preferred stock for cash at $104 per share. Date Account Titles and Explanation Debit Credit