Cullumber Company had the following transactions during the current period. Mar.2 Issued 4,000 shares of $5 par value common stock to attorneys in payment of a bill for $24,000 for services performed in helping the company to incorporate.
June12 Issued 55,000 shares of $5 par value common stock for cash of $340,000.
July 11 Issued 1,000 shares of $100 par value preferred stock for cash at $130 per share.
Nov.28 Purchased 1,500 shares of treasury stock for $75,000.

Required:
Journalize the transactions.