concieled the folowing transactions II I fick on the kan to vow the transactions Requirements 1. Recoed the traksactons in the general jounal Sep 6 Issued 500 shares of common stock to the promoters who organized the corporation, receiving cash of $15,000. 12 issued 550 shares of preferred stock for cash of $22,000. 14 issued 1,300 shares of common stock in exchange for land with a market value of $23,000