Aug- 1 Issued 5,000 sha Brandt Corporation is authorized to issue 100,000 shares of $5 stated value common stock and 2,000 shares of $100 par value, 8 percent preferred stock. Prepare entries in journal form without explanations to record the following transactions: Apr. 15 Issued 1,000 shares of common stock to an attorney for a bill of $900 in connection with the organization of the corporation. 25 Issued 1,000 shares of preferred stock for cash of $115 per share. 27 May 1 Issued 8,000 shares of common stock in exchange for land for a plant site valued at $50,000. Issued 15,000 shares of common stock for $90,000 in cash. following stock transactions of Fitzgerald the company