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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

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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% st $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 5115 for cash Required: Joumalize the transactions. Refer to the chart of accounts for the exact wording of the account tites. cwowjoumals do not use ines for joumal explanations: Every line on a joumal page is used for debit or ciedit enthes: CNow/oumals wif automatcaly indent a credit enty when a credt amount is entered Journaiize the transactions. Refer to the chat of accounts for the exact wording of the account hties. CNOw joumhaly do not use ines for jocmat euplaribons. Every ine on a joumal page is used for dobt or credit entries CNOW joumals will adomabicaly indent a credt ertyy when a credt amount an entered

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