Canterbury Corporation began operations on September 1, 2014. The corporation's charter authorized 300,000 shares of $8 par value common stock. Canterbury engaged in the transactions that follow during its first quarter.

Sept.	1	Issued 50,000 shares of common stock, $500,000.
	1	Paid an attorney $32,000 to help start up and organize the corporation and obtain a corporate charter from the state.
Oct.	2	Issued 80,000 shares of common stock, $960,000.
	15	Purchased 10,000 shares of common stock for $150,000.
Nov.	30	Declared a cash dividend of $0.40 per share to be paid on December 15 to stockholders of record on December 10.

1. Prepare entries using T accounts to record the above transactions.