4 entries total.

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. February 12 sold 2 million conteos shares, for $9 per shere. rebruary 13 Issued 40,000 connon shares to attorneys in exchange for legal services. February 13 sold 80,000 of its common shares and 4,000 preferred ahares tor a total of $945,000. November 15 Issued 380,000 of its eonmon shares in exchange for equipment for which the cash price was known to be $3,686,000. 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. Journal entry worksheet