Exercise 11-8

Metlock, Inc. had the following transactions during the current period.

Mar.	2		Issued 4,200 shares of $7 par value common stock to attorneys in payment of a bill for $33,800 for services performed in helping the company to incorporate.
June	12		Issued 59,200 shares of $7 par value common stock for cash of $492,100.
July	11		Issued 2,125 shares of $100 par value preferred stock for cash at $130 per share.
Nov.	28		Purchased 1,930 shares of treasury stock for $79,000.

Journalize the transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when 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.)