Record journal entries to record the following separate transactions related to issuing stock:

On February 20, a company issues 10,000 shares of $4 par value common stock in exchange for services rendered to help with incorporation. The services are valued at $50,000.

On March 1, a company issues 42,500 shares of $4 par value common stock for $297,500.

On September 10, a company issues 20,000 shares of $20 par value preferred stock for $28 per share.

Date	Account	Debit	Credit