Occupational Products Inc., a wholesaler of office products, was organized on March 1 of the current year, with an authorization of 25,000 shares of preferred 2% stock, $100 par and 550,000 shares of par common stock. The following selected transactions were completed during the first year of operations: Mar. 1 Issued 243,000 shares of common stock at par for cash. 1 Issued 600 shares of common stock at par to an attorney in payment of legal fees for organizing the corporation. May 31 Jul. Issued 68,000 shares of common stock in exchange for land, buildings, and equipment with fair market prices of $147,400, $518,700 and $163,500 respectively. 1 Issued 16,000 shares of preferred stock at $112 for cash. Journalize the transactions. Refer to the Chart of Accounts for exact wording of account titles.