stock, $100 par and 550,000 shares of $10 per Work Place Products Inc., a wholesale of office products, was organized on July 1 of the current year, with an authorition of 2,000 shares of preferred Common stock. The following selected transactions were completed during the first year of operations July 1 1 Aug 7 issued 247,000 shares of common stock at par for cash ssued 300 shares of common stock at par to an attorney in payment of legal fees for organizing the corporation Issued 0,100 shares of common stock in exchange for land, buildings and equipment with for market prices of $153,500,5488.060 and 5160,000 respectively od 15,000 shares of preferred stock M 8100 torch Sept 20. Joumate ractions Refer to the Chart of Accounts for exact word of courses