Problem #4 - [8 marks] 8 points possible (graded, results hidden) (A) BBS corporation had the following transactions during the current period. March 2 - Issued 5,000 shares of $5 par value common stock to attorneys in payment of a bill for $52000 for services performed in helping the company to incorporate. June 12 - Issued 50000 shares of $5 par value common stock for cash of $518000. July 11 Issued 1010 shares of $120 par value preferred stock for cash at $160 per share. Instructions: Journalize the above transactions