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 $7$ million common shares, $$1$ par per share, and $1$ milition preferred shares, $$50$ par per share.

February $12$ Sold $3$ million comnon shares, for $$9$ per share.

February $13$ Issued $46,000$ common shares to attorneys in exchange for legal services.

February $13$ sold $86,000$ of its common shares and $4,000$ preferred shares for a total of $$990,600.$

November $15$ Issued $375,000$ of its common shares in exchange for equipment for which the cash price was known to be $$3,$ se$8,000.$

Requlred:

Prepare the approprlate journal entrles to record each transaction.

Note: If no entry is required for a particular transaction, select $"$No journal entry requlred" In the first account fleld. Enter your answers in whole dollars and not in millions.

$\backslash$table$[[,$No$,$Date,General Journal,Debit,Credit$],[1,1,$February $12,$Cash,$27,000,000,],[,,$Common stock,,$3,000,000$