During 2016, Goodfellow has the following transactions involving its common and preferred stock:

a.	Issued 15,000 shares of $5 par common stock for $15 a share. This brings total shares outstanding to 50,000 shares and 100,000 shares are authorized.
b.	Issued 5,000 shares of $100 par, 6%, cumulative preferred stock for $121 per share.

Required: Prepare a journal entry for each transaction.