Chapter 18 Exercises and Problems i Saved Help Save & Exit Submit 3 Check my work 2 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 2 million preferred shares, $50 par per share. 6.81 points February 12 Sold 4 million common shares, for $10 per share. February 13 Issued 44,000 common shares to attorneys in exchange for legal services. eBook Print February 13 Sold 80,000 of its common shares and 3,000 preferred shares for a total of $980,000. November 15 Issued 365,000 of its common shares in exchange for equipment for which the cash price was known to be $3,768,000. Required: Prepare the appropriate journal entries to record each transaction. Note: 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 and not in millions. References View transaction list Journal entry worksheet > 1 2 3 4 Sold 4 million common shares, for $10 per share. Note: Enter debits before credits. Date February 12 Cash Common stock General Journal Debit Credit Paid-in capital - excess of par, preferred View general journal Record entry Clear entry