Issuing Stock

Work Place Products Inc., a wholesaler of office products, was organized on July 1 of the current year, with an authorization of 100,000 shares of 2% preferred stock, $45 par and 250,000 shares of $15 par common stock. The following selected transactions were completed during the first year of operations:

Journalize the transactions.

July. 1. Issued 145,000 shares of common stock at par for cash.

July. 1		fill in the blank 8b9b08f7ffc0fc8_2
			fill in the blank 8b9b08f7ffc0fc8_4

July. 1 Issued 350 shares of common stock at par to an attorney in payment of legal fees for organizing the corporation.

July. 1		fill in the blank 912e9a0ae034fd2_2
			fill in the blank 912e9a0ae034fd2_4

Aug. 7. Issued 16,500 shares of common stock in exchange for land, buildings, and equipment with fair market prices of $45,000, $246,000, and $55,500, respectively.

For a compound transaction, if an amount box does not require an entry, leave it blank.

Aug. 7		fill in the blank 3b16cb071fff077_2	fill in the blank 3b16cb071fff077_3
		fill in the blank 3b16cb071fff077_5	fill in the blank 3b16cb071fff077_6
		fill in the blank 3b16cb071fff077_8	fill in the blank 3b16cb071fff077_9
		fill in the blank 3b16cb071fff077_11	fill in the blank 3b16cb071fff077_12
		fill in the blank 3b16cb071fff077_14	fill in the blank 3b16cb071fff077_15

Sept. 20. Issued 13,000 shares of preferred stock at $59 for cash.

For a compound transaction, if an amount box does not require an entry, leave it blank.