During its first year of operations, Sheffield Corporation had the following transactions pertaining to its common stock.

Mar. $1$ Issued $5,000$ shares $to$ attorneys $in$ payment $of$ a bill for $$37,300$ for services rendered $in$ helping the company $to$

$($a$)$

Prepare the journal entries for these transactions, assuming that the common stock has a par value of $$5$ per share. $($List all debit

entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no

entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. Record entries in the order displayed in the problem

statement.$)$

Date

Jan. $10$

Account Titles and Explanation

Debit

Credit

Credit