Jackson Corporation is authorized to issue 500,000 shares of $2 par value common stock.During

2020, its first year of operations, the company has the following stock transactions:

Jan. 15Issued 50,000 shares of common stock at $2 per share.

Jan. 30The attorneys for the corporation accepted 2,000 shares of common stock as payment for

their services rendered in helping the company incorporate.The services are estimated to

have a value of $50,000.

Apr. 27Issued 100,000 shares of common stock at $5 per share.

Aug. 19Purchased 10,000 shares of common stock for the treasury at $10 per share.

Nov. 26Sold 2,000 shares of the treasury stock at $12 per share.

Dec. 21Sold 6,000 shares of the treasury stock at $6 per share.

Required:

Journalize the above transactions for Jackson Corporation.