Ergonomics Supply Inc., a wholesaler of office products, was organized on July 1 of the current year, with an authorization of 125 , 000 shares of 23 preferrod atock, $45 par and 500,000 shares of $20 par common stock. The following selected transactions were completed during the first year of operations: Joumalize the transactions. July 1. Issued 150,000 shares of common stock at par for cash. If an amount box does not require an entry, leave it biank. ruly 1 Feosopock r chiok My Whe What is the company recelving and at what prioe is the thock being istued? July 1 Issued 600 shares of common stock at par to an attorney in payment of legal fees for organiaing the corporation. If an amount box does not requice an entry, leave it blanki. Jul Aug. 7. Issued 22,500 shares of common stock in exchange for land, buldings, and equipment with fair market prices of $82,000, $447,000, and $101,000, respectively. If an amount box does not require an entry, leave it blank. Au Furdback F Cheok Mr Wok Record the assets. and increase the comrnon stock account by the par value of the shares. Record any amount above par in a separale paidin capiai equity aecourt Recall that shares of stock can be issued to acquire assets At what value must the stock account be mocorded? Seat on tesuad 25.000 shates of preferred stock at $59 for cash. If an amount box does not require an entry, leave it biank