Sandhill Co. had these transactions during the current period.

June 12		Issued 87,000 shares of $1 par value common stock for cash of $326,250.
July 11		Issued 2,750 shares of $103 par value preferred stock for cash at $110 per share.
Nov. 28		Purchased 2,150 shares of treasury stock for $7,900.

Prepare the journal entries for the Sandhill Co. transactions shown above. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)