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, $75 par and 400,000 shares of $15 par common stock. The following selected transactions were completed during the first year of operations: Journalize the transactions. If an amount box does not require an entry, leave it blank. Feb. 5. Issued 115,000 shares of common stock at par for cash. Feb. 5. Feb. 5. Issued 450 shares of common stock at par to an attorney in payment of legal fees for organizing the corporation. Feb. 5. Apr. 9. Issued 22,000 shares of common stock in exchange for land, buildings, and equipment with fair market prices of $60,000, $328,000, and $74,000, respectively. Apr. 9.