EA 6. LO 14.2 James Incorporated is authorized to issue 5,000,000 shares of $1 par value common stock. In its second year of business, the company has the following transactions: Mar. 31 Issued 30,000 shares at $10 share Jul. 9 Issued 100,000 shares in exchange for a building with a clearly determined value of $700.000 Aug. 30 Purchased 7,000 shares of treasury stock at $9 per share Journalize the transactions