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 2 million common shares, for $10 per share. 13 Issued 48,000 common shares to attorneys in exchange for legal services. 13 Sold 72,000 of its common shares and 5,000 preferred shares for a total of $1,000,000. Nov. 15 Issued 385,000 of its common shares in exchange for equipment for which the cash price was known to be $3,848,000. 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.) View transaction list Journal entry worksheet < 1 2 3 4 Sold 2 million common shares, for $10 per share. Note: Enter debits before credits. Date February 12 General Journal Debit Credit Record entry Clear entry View general journal rev 1 of 6 Next > During its first year of operations, Eastern Data Links Corporation entered into the following transact equity. The articles of incorporation authorized the issue of 9 million common shares, $1 par per sha $50 par per share. Feb. 12 Sold 2 million common shares, for $10 per share. 13 Issued 48,000 common shares to attorneys in exchange for legal services. 13 Sold 72,000 of its common shares and 5,000 preferred shares for a total of $1,000,000. Nov. 15 Issued 385,000 of its common shares in exchange for equipment for which the cash price we Required: Prepare the appropriate journal entries to record each transaction. (If no entry is required for a par journal entry required" in the first account field. Enter your answers in whole dollars.) View transaction list Journal entry worksheet < 2 3 Issued 48,000 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 During its first year of operations, Eastern Data Links Corporation entered into the following transactions re equity. The articles of incorporation authorized the issue of 9 million common shares, $1 par per share, and $50 par per share. Feb. 12 Sold 2 million common shares, for $10 per share. 13 Issued 48,000 common shares to attorneys in exchange for legal services. 13 Sold 72,000 of its common shares and 5,000 preferred shares for a total of $1,000,000. Nov. 15 Issued 385,000 of its common shares in exchange for equipment for which the cash price was know Required: Prepare the appropriate journal entries to record each transaction. (If no entry is required for a particular journal entry required" in the first account field. Enter your answers in whole dollars.) View transaction list Journal entry worksheet < Sold 72,000 of its common shares and 5,000 preferred shares for a total of $1,000,000. Note: Enter debits before credits. Date February 13 General Journal Debit Credit signment #3 During its first year of operations, Eastern Data Links Corporation entered into the following transactions equity. The articles of incorporation authorized the issue of 9 million common shares, $1 par per share, an $50 par per share. Feb. 12 Sold 2 million common shares, for $10 per share. 13 Issued 48,000 common shares to attorneys in exchange for legal services. 13 Sold 72,000 of its common shares and 5,000 preferred shares for a total of $1,000,000. Nov. 15 Issued 385,000 of its common shares in exchange for equipment for which the cash price was kno Required: Prepare the appropriate journal entries to record each transaction. (If no entry is required for a particul journal entry required" in the first account field. Enter your answers in whole dollars.) View transaction list Journal entry worksheet < 1 2 3 Issued 385,000 of its common shares in exchange for equipment for which the cash price was known to be $3,848,000. Note: Enter debits before credits. Date November 15 General Journal Debit Credit Record entry Clear entry View general journal