### Recording the issuances of common stock

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(Recording the Issuances of Common Stock) Mar. 1 Issued 5,000 shares to attorneys in payment of a bill for \$35,000 for services rendered in helping thecompanDuring its first year of operations, Collin RayeCorporation had the following transactions pertaining to its common stock.Jan. 10 Issued 80,000 shares for cash at \$6 per share.y to incorporate.July 1 Issued 30,000 shares for cash at \$8 per share.Sept. 1 Issued 60,000 shares for cash at \$10 per share.

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