Budget Office Supply Corporation Completed the Following Stock Issuance Transactions

Budget Office Supply Corporation completed the following stock issuance transactions:
$$\begin{array} { | l | l | } \hline \text { Mar. 28 } & \begin{array} { l } \text { Issued } 5,000 \text { shares of } \$ 4 \text { stated value common stock for cash of } \\\$ 20 \text { per share }\end{array} \\\hline\text { May 1 } & \begin{array} { l } \text { Received merchandise inventory with a market value of } \$ 46,000 \\\text { in exchange for 2,000 shares of the } \$ 4 \text { stated value common } \\ \text { stock. } \end{array} \\\hline \text { May 14 } & \begin{array} { l } \text { Issued } 450 \text { shares of } 5 \% , \$ 20 \text { par value preferred stock for } \$ 50 \\\text { per share }\end{array} \\\hline\end{array}$$ Prepare the journal entries to record these transactions. Explanations are not required.