Jessie Corporation is authorized to issue 1,000,000 shares of $3 par value common stock. During 2021, its first year of operation, the company has the following stock transactions. Journalize the following transactions for Jessie Company. Jan. 3 Issued 3,000 shares of 5%, $100 par, cumulative preferred stock for $122 per share. Account DR CR Jan. 30 Attorneys for the company accepted 500 shares of common stock as payment for legal services rendered in helping the company incorporate. The legal services are estimated to have a value of $7,000. Sept. 5 Purchased 15,000 shares of common stock for the treasury at $8 per share. Account Treasury Stock Cash DR 120,000 CR 120,000 Dec. 15 Declared dividends on preferred dividend of 5% per share. Account DR CR