Issuing Stock Ergonomics Supply Inc., a wholesaler of office products, was organized on July 1 of the current year, with an authorization of 80,000 shares of preferred 2% stock, $70 par, and 900,000 shares of $11 par common stack. The following selected transactions were completed during the first year of operations Journalize the transactions. July 1. Issued 250,000 shares of common stock at par for cash. If an amount box does 288 88 uire an entry, leave it blank 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. 60,000 shares of common stock in exchange for land, fuldings, and equipment Aug 7. fair market prion of $320,000, $150,000, and $90,000, respectively. If an amount box does not require an entry leave it blank Sept. 20. med 30,000 shares of preferred stock at $24 for cash fat does Test 20 88