2 Eastport Inc. was organized on June 5, Year 1. It was authorized to issue 420,000 shares of $9 par common stock and 50,000 shares of 4 percent cumulative class A preferred stock. The class A stock had a stated value of $25 per share. The following stock transactions pertain to Eastport Inc.: 20 points 1. Issued 24,000 shares of common stock for $14 per share. 2. Issued 7,000 shares of the class A preferred stock for $30 per share. 3. Issued 44,000 shares of common stock for $17 per share. eBook COD Hint Required a. Prepare general journal entries for these transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Print Journal entry worksheet References Issued 24,000 shares of common stock for $14 per share. Note: Enter debits before credits. Event General Journal Debit Credit 1 Record entry Clear entry View general journal Journal entry worksheet Issued 44,000 shares of common stock for $17 per share. Note: Enter debits before credits. Event General Journal Debit Credit 3 Record entry Clear entry View general journal