7 Eastport Inc. was organized on June 5. Year 1. It was authorized to issue 300,000 shares of $10 par common stock and 50,000 shares of 5 percent cumulative class A preferred stock. The class A stock had a stated value of $50 per share. The following stock transactions pertain to Eastport Inc. 1. Issued 15,000 shares of common stock for $12 per share. 2. Issued 5,000 shares of the class A preferred stock for $51 per share. 3. Issued 60,000 shares of common stock for $15 per share. 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.) Journal entry worksheet 2 3 > Issued 15,000 shares of common stock for $12 per share General Journal Debit Credit 1 cal entry Cleary View all Mayun Tur a transaction/event, select required" in the first account field.) Hint View transaction list Print Journal entry worksheet