The following selected transactions occurred during Trio Networks Corporation's first year of operations: 2020 Jan. 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 $31,200. Feb. 21 13,500 common shares were issued for cash of $15 per share. Mar. 9 6,000 preferred shares were issued for cash totalling $109,100. Aug. 15 55,000 common shares were issued in exchange for land, building, and equipment with appraised values of $312,000, $417,000, and $109,000, respectively. Required: Prepare journal entries. View transaction list Journal entry worksheet Record the issue of common shares to promoters. Note: Enter debits before credits. General Journal Debit Credit Date January 15, 2020