$188, Practice Exercises 1.(LO 2) Bostick Co. had the following transactions during the current period. Journalize issuance of common and preferred stock and purchase of treasury stock. Mar. 2 Issued 4,000 shares of $1 par value common stock to attorneys in payment of a bill for $35,000 for services performed in helping the company to incorporate June 12 Issued 50,000 shares of $1 par value common stock for cash of $360,000 July 11 Issued 2,000 shares of $100 par value preferred stock for cash at $120 per share. Nov. 28 Purchased 2,000 shares of treasury stock for $70,000. Instructions