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VIP Corporation's first year of operations had the following transactions: 2020 Jan. 15 Iasued 2,000 eommon bhares to the corporation's promotera in exchange for their efforti in ereating it. Their effort are eetimated to be worth $30,500. Tob. 2110,000 comnon eharen were 1asued for caah of $13 per ahare. Mar. 96,000 preforrod ahares wore iasued for canh totalifing $105,600. Aug. 1555,000 eoemon ahares were innued in exchange for land, building, and equipment with appraived values of $305,000,$410,000, and $102,000, reepeetively. Required: Prepare journal entries. Journal entry worksheet 3 4 Record the issue of common shares to promotersi Journal entry worksheet 4 fuecord the iscue of common shares to promoters