Ergonomics Supply Inc., a wholesaler of office products, was organized on July 1 of the current year, with an authorization of 25,000 shares of preferred 2% stock, $100 par, and 500,000 shares of $10 par common stock. The following selected transactions were completed during the first year of operations:

July	1.	Issued 220,000 shares of common stock at par for cash.
	1.	Issued 700 shares of common stock at par to an attorney in payment of legal fees for organizing the corporation.
Aug.	7.	Issued 68,700 shares of common stock in exchange for land, buildings, and equipment with fair market prices of $153,800, $458,110 and $164,400 respectively.
Sept.	20.	Issued 18,200 shares of preferred stock at $115 for cash.

Required:

Journalize the transactions. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered.