Marianna Corporation is authorized to issue 100,000 shares of $5 stated par value stock and 2,000 shares of $100 par value, 6 percent preferred stock. Prepare journal entries in journal form without explanations to record the following transactions:

July 15 Issued 1,000 shares of common stock to an attorney for a bill of $7,000 for services rendered.

7000

July 25 Issued 2,000 shares of preferred stock for cash of $120 per share.

July 27 Issued 10,000 shares of common stock in exchange for land for a plant site valued at $75,000.

Aug. 1 Issued 5,000 shares of common stock for $35,000 in cash.