common stock. The following selected transactions were completed during the first year of operations: Journalize the transactions. If an amount box does not require an entry, leave it blank. Feb. 5. Issued 95,000 shares of common stock at par for cash. Feb. 5. Feb. 5. Issued 600 shares of common stock at par to an attorney in payment of legal fees for organizing the corporation. Feb. 5. Apr. 9. Issued 25,000 shares of common stock in exchange for land, buildings, and equipment with fair market prices of $91,000, $497,000, and $112,000, respectively. f June 14. Issued 28,000 shares of preferred stock at $60 for cash