During its first year of operations, a company entered into the following transactions relating to shareholders equity. The articles of incorporation authorized the issue of 6 million common shares, $1 par per share, and 2 million preferred shares, $50 par per share.

February 12	Sold 3 million common shares, for $8 per share.
February 13	Issued 41,000 common shares to attorneys in exchange for legal services.
February 13	Sold 81,000 of its common shares and 4,500 preferred shares for a total of $900,000.
November 15	Issued 350,000 of its common shares in exchange for equipment for which the cash price was known to be $3,708,000.

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.