Issuing Stock Ergonomics Supply Inc., a wholesaler of office products, was organized on July 1 of the current year, with an authorization of 125,000 shares of 4% preferre stock, $40 par and 550,000 shares of $25 par common stock. The following selected transactions were completed during the first year of operations: Journalize the transactions July 1. Issued 80,000 shares of common stock at par for cash. If an amount box does not require an entry, leave it blank July 1 July 1 Issued 550 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 23,500 shares of common stock in exchange for land, buildings, and equipment with fair market prices of $110,000, 5601,000 and $135,000, respectively. It an amount box does not require an entry, leave it blank Aug. 7 Ocator=8 nprogress=false 550 shares or common SK a part an attorney in payment organes Tor Organizing the corporation. I anamcon DOKUESTO an entry, leave it blank July 1 Aug. 7. Issued 23,500 shares of common stock in exchange for land, buildings, and equipment with fair market prices of $110,000, 5601,000, and $135,000, respectively. If an amount box does not require an entry, leave it blank. Aug. 7 Sept. 20. Issued 28,000 shares of preferred stock of 551 for cash. If an amount box does not require an entry, leave it blank Sept. 20