The following selected transactions pertain to Ehrlich Corporation:

Jan. 3 Issued 85,000 shares, $10 par value, common stock for $27 per share.

Feb. 10 Issued 10,000 shares, $10 par value, common stock in exchange for equipment. Ehrlich Corporation's common stock has been actively traded on the stock exchange at $30 per share, and the asking price for the equipment is $350,000.

Mar. 15 Issued 7,000 shares of $90 par value preferred stock for $110 per share.

April 2 Ehrlich Company issued 6,500 shares of its $10 par value common stock in payment of its attorney's bill of $80,000. The bill was for services performed in helping the company incorporate.

Instructions

Journalize the transactions.

SHOW ALL WORK

(Question is similar to other Chegg questions, but it is NOT the same, the numbers are different)