During its first year of operations, Coles Electronics Inc. completed the following transactions relating to shareholders' equity. January 5: Issued 1.200,000 shares of common stock for $27 per share. February 12 Issued 22,000 shares of common stock to accountants for $594,000 of professional services and articles of of common stock with a par value of s1 per share 1,000,000 preferred shares with a par value of $100 per Required: Record the above transactions in general form. (If no entry is required for a transaction/event, "No journal required" the first account field.) view transaction list view general journal Journal Entry Worksheet Issued 1,200,000 shares of common stock for $27 per share. General Journal Debit Credit January 05 Enter debits before credits done clear entry record entry