Prepare journal entries for each of the following selected transactions that occurred during Z-Bar Inc.'s first year of operations: Jan. 2011 15 Issued 2,000 common shares to the corporation's promoters in exchange for their efforts in creating it. Their efforts are estimated to be worth $22,500. Feb. 21 15,000 common shares were issued for cash of $10 per share. Mar 9 6,000 preferred shares were issued for cash totaling $79,000. Aug. 15 55,000 common shares were issued in exchange for land, building, and equipment with appraised values of $225,000, $300,000, and $80,000 respectively