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 6 million common shares, St par per share, and 3 million preferred shares, $50 par per share. Feb. 12 Sold 2 million common shares, for $9 per share. 13 Issued 45,000 common shares to attorneys in exchange for legal services. 13 Sold B5,000 of its common whares and 3,500 preferred shares for a total of $985,000. Nov. 15 Issued 370,000 of its common shares in exchange for equipment for which the cash price was known to be $3,788,000. Required: Prepare the appropriate journal entries to record each transaction. (If no entay is required for a particular transaction, select "No journal entry required" in the first account field. Enter your answers in whole dollars.) View transaction list Journal entry worksheet 1 2 3 > 4 View transaction list Journal entry worksheet