Sushi Corporation received its charter and began business in 2020. The company was authorized to issue 100,000, $5, cumulative, preferred shares and 500,000 common shares. Prepare journal entries to record the following transactions that occurred during 2020:

Apr-05	Sold 5,000 common shares for $15 per share.
May-14	Issued 750 common shares in exchange for legal services worth $11,250 relating to organization of the corporation.
Jun-23	Sold 250 preferred shares for $24 per share, cash.