Work Place Products Inc., a wholesaler of office products, was organized on July $1$ of the current year, with an authorization of $26,000$ shares of preferred $2\%$ stock, $$100$ par and $600,000$ shares of $$10$ par common stock. The following selected transactions were completed during the first year of operations:

July $1$ Issued $200,000$ shares of common stock at par for cash.

July $1$ Issued $400$ shares of common stock at par to an attorney in payment of legal fees for organizing the corporation.

Aug. $7.$ Issued $66,200$ shares of common stock in exchange for land, buildings, and equipment with fair market prices of $$149,800,$ $$474,380$ and $$163,600$ respectively.

Sept. $20.$ Issued $19,400$ shares of preferred stock at $$107$ for cash.

Journalize the transactions. Refer to the Chart of Accounts for exact wording of account titles.