VP Corporation's first year of operations had the following transactions 2020 15 Issued 2, com shares to the corporations promoters in exchange for their efforts creating it. Their efforts an estimated to be worth 50,-.. Tab 21 11, see common shares were issued for cash of $1 per share. Man 9 6,000 preferred shares wre issued for cash totalling 1107, 100. Aug 15 55,000 can shares were issued in exchange for land, building, and equipment appraised values of $108,000, 13.00, and $105, respectively Required: Prepare journal entries. Vies transaction list