During its first year of operations, Criswell Inc, completed the following transactions relating to shareholders' equity January 51 Issued 328,eee of its common shares for 58 per share and 2,200 preferred shares at $11e. February 12: Issued 42,eee shares of common stock in exchange for equipment with a known cash price of $294,000. 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 Record the issue of 320,000 common shares for 58 per share, Notes Enter debits before credits Date General Journal Debit Credit January 05 Recorded Clear entry View general journal