Issuing Stock Professional Products Inc., a wholesaler of office products, was organized on February 5 of the current year, with an authorization of 50,000 shares of preferred 2% stock, $40 par and 1,000,000 shares of $8 par common stock. The following selected transactions were completed during the first year of operations: Journalize the transactions. Feb. 5. Issued 600,000 shares of common stock at par for cash. Feb. 5 Feb. 5. Issued 1,500 shares of common stock at par to an attorney in payment of legal fees for organizing the corporation. Feb. 5