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Occupational Products Inc., a wholesaler of office products, was organized on March 1 of the current year, with an authorization of 25,000 shares of preferred 2% stock, $100 par and 500,000 shares of $10 par common stock. The following selected transactions were completed during the first year of operations:

Mar. 1.	Issued 220,000 shares of common stock at par for cash.
1.	Issued 500 shares of common stock at par to an attorney in payment of legal fees for organizing the corporation.
May 31.	Issued 70,000 shares of common stock in exchange for land, buildings, and equipment with fair market prices of $150,000, $560,000 and $165,000 respectively.
July 1.	Issued 18,000 shares of preferred stock at $110 for cash.

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Journalize the transactions.