ACC 363E12-2Garza Co. had the following transactions during the current period.A

ACC 363E12-2Garza Co. had the following transactions during the current period.ACC 363E12-2Garza CoAxia College of University of Phoenix (UoP)Financial Accounting:Weygandt Kieso and Kimmel 5th EditionFinancial Accounting IIExercise E12-2 Journalize issuance of common and preferred stock and purchase of treasury stock.E12-2Garza Co. had the following transactions during the current period.Mar. 2 Issued 5000 shares of $1 par value common stock to attorneys in payment of a bill for $30000 for services provided in helping the company to incorporate.June 12 Issued 60000 shares of $1 par value common stock for cash of $375000.July 11 Issued 1000 shares of $100 par value preferred stock for cash at $110 per share.Nov. 28 Purchased 2000 shares of treasury stock for $80000.