ie bl .3 Der shar and was issued for a total of $52,000. (d) The stock had a par value of $5 per share and was issued to attorneys for service during incorporation valued at $52,000. (e) The stock had a par value of $5 per share and was issued for land worth $52,000 of E13-5 Quay Co. had the following transactions during the current period. Mar. red stock sury stock. Issued 5,000 shares of $5 par value common stock to attorneys in payment of a bill for $30,000 for services performed in helping the company to incorporate. Issued 60,000 shares of $5 par value common stock for cash of $375,000. Issued 1,000 shares of $100 par value preferred stock for cash at $110 per share Purchased 2,000 shares of treasury stock for $80,000 2 June 12 July 11 Nov. 28