The following transactions took place in June for the Holista Corporation:
June 1 Issued 1,000 shares of $100 preferred shares.
10 Issued 3,000 common shares for $18 per share.
15 Received land with a fair value of $60,000 and a building with a fair value of $180,000 in
exchange for 15,000 common shares.
Prepare journal entries for the above transactions.
