d. The stock had a par value of $5 per share and was issued to attorneys for services during incorporation valued at $52,000. e. The stock had a par value of $5 per share and was issued for land worth $52,000. E13.5 (LO 2) Quay Co. had the following transactions during the current period. Journalize issuance of common and preferred stock and purchase of treasury stock. Mar. Issued 5,000 shares of $5 par value common stock to attorneys in payment of a bill for $30,000 2 for services performed in helping the company to incorporate. June Issued 60,000 shares of $5 par value common stock for cash of $375,000. 12 July Issued 1,000 shares of $100 par value preferred stock for cash at S110 per share. 11 Nov. Purchased 2,000 shares of treasury stock for $80,000. 28 Instructions 13-26/214-45 o 34C ENG 11:29 06-10-2021