Answer:
Mar. 2 Issued 4,000 shares of $4 par value common stock to attorneys in payment of a bill for $21,200 for services performed in helping the company to incorporate.
Dr Incorporation expenses 21,200
     Cr Common stock 16,000
     Cr Additional paid in capital - common stocks 5,200 
June 12 Issued 56,400 shares of $4 par value common stock for cash of $305,500.
Dr Cash 305,500
     Cr Common stocks 225,600
     Cr Additional paid in capital - common stocks 79,900
July 11 Issued 1,950 shares of $100 par value preferred stock for cash at $130 per share.
Dr Cash 253,500
     Cr Preferred stocks 195,000
     Cr Additional paid in capital - preferred stocks 58,500
Nov. 28 Purchased 2,560 shares of treasury stock for $78,500.
Dr Treasury stocks 78,500
     Cr Cash 78,500
Treasury stocks account is a contra equity account which decreases the value of stockholders' equity.