Occupational Products Inc., a wholesaler of office products, was organized on March 1 of the current year, with an authorization of 26,000 shares of preferred 2% stock, $100parand 600,000 shares of $10 parcommon stock. The following selected transactions were completed during the first year of operations:

Mar.1Issued 200,000 shares of common stock at par for cash.1Issued 400 shares of common stock at par to an attorney in payment of legal fees for organizing the corporation.May31Issued 66,200 shares of common stock in exchange for land, buildings, and equipment with fair market prices of $149,800, $474,380 and $163,600 respectively.Jul.1Issued 19,400 shares of preferred stock at $107 for cash.Journalize the transactions. Refer to the Chart of Accounts for exact wording of account titles.