Overton Co. had the following transactions during the current period.

Mar.2

Issued 5,000 shares of $1 par value ordinary shares to attorneys in payment of a bill for $30,000 for services provided in helping the company to incorporate.

June12

Issued 60,000 shares of $1 par value ordinary shares for cash of $375,000.

July 11

Issued 1,000 shares of $100 par value preference shares for cash at $110 per share.

Nov.28

Purchased 2,000 treasury shares for $80,000.

Instructions

Journalize the above transactions.