Professional Products Inc., a wholesaler of office products, was organized on February 5 of the current year, with an authorization of 25,000 shares of preferred 2% stock, $100 par and 550,000 shares of $10 par common stock. The following selected transactions were completed during the first year of operations:

Feb.	5	Issued 227,000 shares of common stock at par for cash.
	5	Issued 700 shares of common stock at par to an attorney in payment of legal fees for organizing the corporation.
Apr.	9	Issued 66,000 shares of common stock in exchange for land, buildings, and equipment with fair market prices of $153,300, $472,700 and $166,000 respectively.
June	14	Issued 19,300 shares of preferred stock at $106 for cash.

Journalize the transactions. Refer to the Chart of Accounts for exact wording of account titles.