McVie Corporation's stock has a par value of $2. The company has the following transactions during the year: Feb. 28 Jun. 7 Issued 300,000 shares at $6 share. Issued 88,000 shares in exchange for equipment with a clearly determined value of $199,000. Purchased 2,400 shares of treasury stock at $7 per share. Sep. 19 Prepare the journal entries to record the transactions. If an amount box does not require an entry, leave it blank. Feb. 28 Jun. 7 II III II 10 111 111 Sep. 19