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During its first year of operations, Eastern Data Links Corporation entered into the following transactions relating to shareholders equity. The articles of Incorporation authonized the issue of 9 million common shares, $1 par per share, and 2 million preferred sha $50 par per share. Feb. 12 Sold 3 million common shares, for $9 per share. 13 Issued 42,000 common shares to attorneys in exchange for legal services. 13 Sold 73,800 of its common shares and 7,500 preferred shares for a total of $1,e5e,e09. Nov. 15 Issued 435,808 of its common shares in exchange for equipment for which the cash price was known to be $4,048,880 Required Prepare the appropriate journal entries to record each transaction. (If no entry is required for a particular transection, select "NO Journal entry required" In the first account field. Enter your answers in whole dollers.) ces View transaction list Journal entry worksheet Issued 42,000 common shares to attorneys in exchange for legal services. Note: Enter debits before credts Date General Journal DebitCredit February 1:3 Common stock 42,000 Record entry Clear entry View general journal Journal entry worksheet Sold 73,000 of its common shares and 7,500 preferred shares for a total of $1,050,000. Note: Enter debits before credits. Date General Journal Debit Credit February 13 Cash 1,050,000 Common stock Preferred stock Paid-in capital-excess of par, commorn 73,000 375,000 Record entry Clear entry View general journal