James Inc. has formed a new corporation and has the following transactions and with the sale of common stock. The common stock has a par value of $15 per share and it is authorized to issue 1,000,000 shares. Prepare the appropriate journal entry to record the following transactions:

A. Sold 10,000 shares at a price of $30 per share

B. Sold 15,000 shares at a price of $15 per share

C, Issued 1000 shares in payment of professional fees covering the cost of prepaid legal documents for incorporation. The professional fees amounted $10