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

February $12$ Sold $3$ million common 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 $$990,000.$

November $15$ Issued $375,000$ of its common shares in exchange for equipment for which the cash price was known to be $$3,808,000.$

Required:

Prepare the appropriate journal entries to record each transaction.

Note: 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 and not in millions.