Budget Office Supply Corporation Completed the Following Stock Issuance Transactions

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