Jounral entries are required

LMP corporation has the following authorized share capital: 20,000 6% Preferred stock of $100 par 600,000 shares of no-par common stock, stated value of $2 par. The market price of the common stock is $5 par. The following transactions took place. Jan 2. Issued 700 shares of common stock as legal fees for formation expenses, 4. issued 1,000 shares for commission to a marketing agency in advance with a market value of $5,000. 7. Purchased a property valued at $400,000 by the issue of 60,000 shares at the current market price. The property included a piece of land valued at $100,000 and building valued at $300,000 12. sold 2,000 shares of preferred stock at 112 % per share. 18. sold 20,000 shares of common stock in cash. Mar. 5 purchased 2,000 shares of common stock for the treasury at the current market price of $8 per share. 15. sold 300 treasury stock at the market price of $8 per share, 25. Sold 500 shares of treasury stock at the market price of $6 per share Jul 5. Paid 6 months dividend on preferred stock in cash and 8 % cents on each common stock in cash