sa Curre Question 1 [25 points] Equ Stat Zcom Inc. was authorized to issue 450,000 $2.00 preferred shares and 700,000 common shares. During August 2014, their first month of Fina operations, the following selected transactions occurred: ro a. August 1 : Issued 13,000 common shares at $6.00 per share for cash. b. August 5: 9,000 of the preferred shares were issued for a total of $54,000 cash. Sp c. August 8 : 13,000 common shares were issued in exchange for land valued at $13,000. d. August 15: Issued 9,000 preferred shares at $4.50 per share for cash. e. August 19: 12,000 preferred shares and 14,000 common shares were issued at $7.00 and $2.00, respectively, cash. f. August 25 : Gave the corporation's promoters 6,000 common shares for their services in organizing the corporation. The directors valued the services at $42,000. g. August 27 : 13,000 of the common shares were issued for a total of $26,000 cash. co Prepare journal entries for the above transactions. Enter the transaction letter as the description when entering the transactions in the journal. Dates must be entered in the format dd/mmm (i.e., January 15 would be 15/Jan)