During its first year of operations, Eastern Data Links Corporation entered into the following transactions relating to shareholders$$ equity. The articles of incorporation authorized the issue of $6$ million common shares, $$1$ par per share, and $3$ million preferred shares, $$50$ par per share.

February $12$ Sold $2$ million common shares, for $$9$ per share.

February $13$ Issued $45,000$ common shares to attorneys in exchange for legal services.

February $13$ Sold $85,000$ of its common shares and $3,500$ preferred shares for a total of $$985,000.$

November $15$ 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.