12 During its first year of operations, Eastern Data Links Corporation entered into the following transactions relating to shareholders' equity. The articles of incorporation authorized the issue of 9 million common shares, $1 par per share, and 3 million preferred shares, $50 par per share. 10 points Feb. 12 Sold 2 million common shares, for $10 per share. 13 Issued 48,000 common shares to attorneys in exchange for legal services. 13 Sold 72,000 of its common shares and 5,000 preferred shares for a total of $1,000,000. Nov. 15 Issued 385,000 of its common shares in exchange for equipment for which the cash price was known to be $3,848,000. Skipped eBook Required: Prepare the appropriate journal entries to record each transaction. (If no entry is required for a particular transaction, select "No journal entry required" in the first account field. Enter your answers in whole dollars.) Print Journal entry worksheet Sold 2 million common shares, for $10 per share. Note: Enter debits before credits. Date General Journal Debit Credit February 12 Journal entry worksheet Issued 48,000 common shares to attorneys in exchange for legal services. Note: Enter debits before credits. Date General Journal Debit Credit February 13 Journal entry worksheet Sold 72,000 of its common shares and 5,000 preferred shares for a total of $1,000,000. Note: Enter debits before credits. Date General Journal Debit Credit February 13 Journal entry worksheet Issued 385,000 of its common shares in exchange for equipment for which the cash price was known to be $3,848,000. Note: Enter debits before credits. Date General Journal Debit Credit November 15