The following selected transactions occurred during Trio Networks Corporations first year of operations:

2020
Jan.	15	Issued 2,000 common shares to the corporations promoters in exchange for their efforts in creating it. Their efforts are estimated to be worth $30,700.
Feb.	21	11,000 common shares were issued for cash of $14 per share.
Mar.	9	6,000 preferred shares were issued for cash totalling $106,600.
Aug.	15	55,000 common shares were issued in exchange for land, building, and equipment with appraised values of $307,000, $412,000, and $104,000, respectively.

Required: Prepare journal entries.