Fagan Co. had these transactions during the current period.

June 12	Issued80,000shares of $1par value common stock for cash of $300,000.
July 11	Issued3,000shares of $100par value preferred stock for cash at $106per share.
Nov. 28	Purchased2,000shares of treasury stock for $9,000.

Prepare the journal entries for the Fagan Co. transactions shown above. (Record entries in the order displayed in the problem statement. Credit account titles are automatically indented when amount is entered. Do not indent manually.)