Saved 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 8 million common shares, $1 par per share, and 1 million preferred shares, $50 par per share. Feb. 12 Sold 3 million common shares, for $10 per share. 13 Issued 43,000 common shares to attorneys in exchange for legal services. 13 Sold 83,000 of its common shares and 2,000 preferred shares for a total of $950,000. Nov. 15 Issued 360,000 of its common shares in exchange for equipment for which the cash price was known to be $3,748,000. 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.) View transaction list Journal entry worksheet 1 2 3 4 Sold 3 million common shares, for $10 per share. Note: Enter debits before credits. Date February 12 Cash Common stock General Journal Debit Credit nework Saved 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 8 million common shares, $1 par per share, and 1 million preferred shares, $50 par per share. Feb. 12 Sold 3 million common shares, for $10 per share. 13 Issued 43,000 common shares to attorneys in exchange for legal services. 13 Sold 83,000 of its common shares and 2,000 preferred shares for a total of $950,000. Nov. 15 Issued 360,000 of its common shares in exchange for equipment for which the cash price was known to be $3,748,000. 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.) View transaction list Journal entry worksheet 2 3 Issued 43,000 common shares to attorneys in exchange for legal services. Note: Enter debits before credits. Date February 13 General Journal Debit Credit Legal expenses Common stock 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 8 million common shares, $1 par per share, and 1 million preferred shares, $50 par per share. Feb. 12 Sold 3 million common shares, for $10 per share. 13 Issued 43,000 common shares to attorneys in exchange for legal services. 13 Sold 83,000 of its common shares and 2,000 preferred shares for a total of $950,000. Nov. 15 Issued 360,000 of its common shares in exchange for equipment for which the cash price was known to be $3,748,000. 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.) View transaction list Journal entry worksheet 3. Sold 83,000 of its common shares and 2,000 preferred shares for a total of $950,000. Note: Enter debits before credits. Date February 13 Cash Common stock Preferred stock General Journal Debit Credit 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 8 million common shares, $1 par per share, and 1 million preferred shares, $50 par per share. Feb. 12 Sold 3 million common shares, for $10 per share. 13 Issued 43,000 common shares to attorneys in exchange for legal services. 13 Sold 83,000 of its common shares and 2,000 preferred shares for a total of $950,000. Nov. 15 Issued 360,000 of its common shares in exchange for equipment for which the cash price was known to be $3,748,000. 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.) View transaction list Journal entry worksheet < 4 Issued 360,000 of its common shares in exchange for equipment for which the cash price was known to be $3,748,000. Note: Enter debits before credits. Date General Journal Debit Credit November 15 Property, plant, and equipment Common stock