Willow Creek Nursery, with an authorization of 75,000 shares of preferred stock and 200,000 shares of common stock, completed several transactions involving its stock on October 1, the first day of operations. The trial balance at the close of the day follows: Willow Creek Nursery UNADJUSTED TRIAL BALANCE October 1, 20-- ACCOUNT TITLE DEBIT CREDIT 1 Cash 3,780,000.00 2 Land 840,000.00 3 Buildings 2,380,000.00 4 Preferred 1% Stock, $80 par 2,800,000.00 5 Paid-In Capital in Excess of Par-Preferred Stock 420,000.00 6 Common Stock, $30 par 3,600,000.00 7 Paid-In Capital in Excess of Par-Common Stock 180,000.00Journalize the two entries to record the transactions summarized in the trial balance. Refer to the Chart of Accounts for exact wording of account titles. JOURNAL ACCOUNTING EQU DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES 1