Workplace Products Inc., a wholesaler of office products, was organized on February 1 of the current year, with an authorization of 10,000 shares of preferred 2% stock, $120 par and 250,000 shares of $25 par common stock. The following selected transactions were completed during the first year of operations:

Feb. 1. Issued 180,000 shares of common stock at par for cash.

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

Mar. 9. Issued 30,000 shares of common stock in exchange for land, buildings, and equipment with fair market prices of $200,000, $550,000, and $135,000, respectively.

Apr. 13. Issued 8,500 shares of preferred stock at $131 for cash.

Journalize the transactions.