During its first year of operations, Cole's Electronics Inc. completed the following transactions relating to shareholders' equity. January 5: Issued 2, 800, 000 shares of common stock for $17 per share. February 12: Issued 12, 000 shares of common stock to accountants for $204, 000 of professional services. The articles of incorporation authorize 5,000,000 shares of common stock with a par of $1 per share and 1,000,000 preferred shares with a par of $100 per share. 29 Required: Record the above transactions In general journal form. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 Issued 2,800,000 shares of common stock for $17 per share. Note: Enter debits before credits. Date General Journal Debit Credit January 05 Cash Common stock Additional paid-in capital Record entry View general journal Clear entry