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 prefered 1% stock, $70 por and 400,000 shares of $20 par common stock. The following selected transactions were completed during the first year of operations: Joumalize the transactions. an amount box does not require an entry, leave it blank Feb. 5. Issued 95,000 shares of common stock at par for cash. Feb. 5. Feb. 5. Issued 400 shares of common stock at par to an attomey in payment of legal fees for organizing the corporation. Feb. 5. 38 Apr. 9. Issued 26,000 shares of common stock in exchange for land, buildings, and equipment with fair market prices of $95,000, $517,000, and $110,000, respectively Apr 9