During its first year of operations, Criswell Inc. completed the following transactions relating to shareholders' equity. January 5: Issued 310,000 of its common shares for $8 per share and 3, 100 preferred shares at $110. February 12: Issued 51,000 shares of common stock in exchange for equipment with a known cash price of $312,000. The articles of incorporation authorize 5,000,000 shares with a par of $1 per share of common and 1,000,000 preferred shares with a par of $100 per share. Required: Record the above transactions in general journal form. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2. 3 Record the issue of 310,000 common shares for $8 per share. Note: Enter debits before credits. >