Novak Corp. had the following transactions during the current period. Mar. 2 Issued 4,800 shares of $5 par value common stock to attorneys in payment of a bill for $28,900 for services performed in helping the company to incorporate.
June 12 Issued 59,700 shares of $5 par value common stock for cash of $363,900.
July 11 Issued 2,250 shares of $110 par value preferred stock for cash at $130 per share.
Nov. 28 Purchased 1,720 shares of treasury stock for $79,500.
Journalize the transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account tities and enter o for the amounts.)