Issuing stock Instructions Chart of Accounts Journal Instructions 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 stock. The following selected transactions were completed during the first year of operations: July 1. Issued 260,000 shares of common stock at par for cash 1. Issued 2,000 shares of common stock at par to an attorney in payment of legal fees for organizing the Aug 7. corporation Issued 60,000 shares of common sick in exchange for land, buildings, and equipment with fair market prices of $320,000, $550,000, and $90,000, respectively. Sept 20. Issued 30,000 shares of preferred stock at $74 for cash Required: Joumalize the transactions. Refer to the chart of accounts for the exact wording of the account tities. CNOW journals do not use lines for journal Issuing stock Instructions Chart of Accounts Journal Instructions 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 pit, and 900,000 shares of $11 par common stock. The following selected transactions were completed during the first year of operations: July 1. Issued 200,000 shares of common stock at par for cash 1. Aug 7. Sept. 20. Issued 2,000 shares of common stock at par to an attorney in payment of legal fees for organizing the corporation Issued 60,000 shares of common sick in exchange for land, buildings, and equipment with fair market prices of $320,000, $550,000, and $90,000, respectively. Issued 30,000 shares of preferred stock at $74 for cash. Required: Journalize the transactions. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal