8 3.33 points eBook References 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 9 million common shares, $1 par per share, and 3 million preferred shares, $50 par per share. Feb. 12 Sold 4 million common shares, for $9 per share. 13 Issued 37,000 common shares to attorneys in exchange for legal services. 13 Sold 78,000 of its common shares and 5,000 preferred shares for a total of $1,025,000. Nov. 15 Issued 410,000 of its common shares in exchange for equipment for which the cash price was known to be $3,948,000. 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.) 8 View transaction list 3.33 points eBook References Journal entry worksheet 1 2 3 4 Sold 4 million common shares, for $9 per share. Note: Enter debits before credits. Date February 12 General Journal Debit Credit View general journal Record entry Clear entry > B ts eBook eferences View transaction list Journal entry worksheet > 1 2 3 4 Issued 37,000 common shares to attorneys in exchange for legal services. Note: Enter debits before credits. Date February 13 General Journal Debit Credit Record entry Clear entry View general journal bok ences Journal entry worksheet 1 2 4 Sold 78,000 of its common shares and 5,000 preferred shares for a total of $1,025,000. Note: Enter debits before credits. Date February 13 General Journal Debit Credit Record entry Clear entry View general journal > 3.33 points View transaction list Journal entry worksheet < 1 1 2 3 2 4 eBook References A Issued 410,000 of its common shares in exchange for equipment for which the cash price was known to be $3,948,000. Note: Enter debits before credits. Date November 15 General Journal Debit Credit View general journal Record entry Clear entry