Question 1 The following transactions took place in June for the Kaur Corporate June 1) The company Issued 1,000 shares of $100 preferred shares June 10) Issued 3,000 shares of common shares for $18 per share June 15) Received land with a fair market value of $60,000 and a building with a tim $180,000 in exchange for 15,000 shares of common shares. e Prepare journal entries for the above transaction