bine D Study Abrod Pogo Issuing Stock Work Place Products Inc, a wholesaler of office products, was organized on transactions were completed during the first year of operations: July 1 of the current year, with an authorization of 50,000 shares of prefered ng stock.40 ar and noonohami fina, orm- current year, with an healimt woend Joun malize the transactions July 1. Issued 400,000 shares of common stock at par for 50.000 X 50,000 | ) July. 1. Issued 1,000 shares of common stock at par to an attorney in payment of legal fees for organizing the corporation. Juy. 1 Common Stock 7. Issued 8o,000 shares of comman stock in exchange for tand, buildings, and equipment with fair market prices of $250,000, $00,000, and s70,000, respectivel For a compound transaction, if an amount box does not require an entry, leave it blank 250000 400 000 0.000 80,000 X 9 shares of preferred stock at 554 for cash Sept. 20. Issued 2