Problem One: Cornbread Stuffing Corporation is authorized to issue 2,000,000 shares of $3 par value common stock During 20 15. its Fi year of operation, the company had the following stock transactions. Ian. 1 Issued 600,000 shares of stock at $8 per share. Ian. 3 1 Attorneys for the company accepted 1,500 shares of common stock as payment for legal services rende helping the company incorporate. The legal services are estimated to have a value of $6.500. Iuly 15 Issued 1 50,000 shares of stock for land. The land had an asking price of $900,000. The stock is currently selling on a national exchange at $5.80 per share. Instructions Iournalize the transactions for Homer Corporation. 600,000'8= 4,800,000 600,000'3= 1,800,000 DR 131cm:+ Common - 3,oaa,o Date CR