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Chapter 12 HW ebook Show Me How Printem Issuing Stock Professional Products Inc., a wholesaler of office products, was organised on February 5 of the current year with an authorition of 125,000 shares of preferred 3 stock, 540 par and 600.000 shares of 515 par common stock. The following selected transactions were completed during the first year of operations: Journalize the transactions If an amount box does not require an entry, leave it blank Feb. 5. Issued 120,000 shares of common stock at par for cash Feb. 5. Feb. 5, Issued 600 shares of common stock at par to an attorney in payment of legfees for organising the corporation Pets Apr. 9. Issued 26,000 shares of common stock in exchange for land, buldings and couiment with fair market prices of 571,000, 5388,000, and $87.000, respectively Apc 9. Feb. 5. Issued 120,000 shares of common stock at par for cash Feb. 5 Feb. 5. Issued 600 shares of common stock at par to an attorney in payment of legal fees for organizing the corporation Feb. Apr. 9. Issued 26,000 shares of common stock in exchange for land, buildings, and equipment with fair market prices of $71,000, 5388,000, and 567,000, respectively Apr 9 June 14. ud 30.000 shares of referred stock at $54 for cash June 14