Issuing Stack Ergonomics Supply Inc., a wholesaler of office products, was organized on July 1 c selected transactions were completed during the first year of operations Journalize the transactions current year, with an authorization of 80,000 shares of preferred 2% stock, $70 par, and 500,000 shares of $11 par common stick. The following July 1. Issued 260,000 shares of common stock at par for cash. If an amount box does not require an entry, leave it blank July 1. 88 88 July 1. Issued 2,000 shares of common stock at par to an attorney in payment of legal fees for organizing the corporation. If an amount box does not require an entry, leave it blank. July 1. Aug. 7. Issued 60,000 shares of common stock in exchange for land, buildings, and equipment with fair market prices of $320,000, $550,000, and $90,000, respectively. If an amount Aug. 7 an entry, leave it blank Sept. 20. oued 20,000 shares of preferred stock at $74 for cash. If an amount box does not require an entry leave it blank Sept 20. Check My Work heat