The following transactions occurred during May for Yardwork, Inc., a commercial landscape maintenance company, in preparation for its opening on June 1:

• May 1: Issues 10,000 shares of $15-par value common stock for cash to a group of investors for $150,000.
• May 1: Issues 6,000 shares of $15-par value common stock in exchange for mowing equipment.
• May 1: Issues 100 shares of $15-par value common stock to another firm to acquire office equipment.
• May 5: Signs a lease to rent office space for the one year beginning June 1 and pays the first month