Hao Corporation had the following transactions during the current period.

Mar. 2 Issued 5,000 common shares to its legal counsel in payment of a bill for $30,000 for services performed in helping the company incorporate.

June 12 Issued 60,000 common shares for $375,000 cash.

July 11 Issued 1,000, $3 noncumulative preferred shares at $110 per share cash.

Nov. 28 Issued 2,000, $3 noncumulative preferred shares at $95 per share cash.

Instructions

Journalize the transactions.