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.

Feb.		12		Sold 3 million common shares, for $9 per share.
		13		Issued 46,000 common shares to attorneys in exchange for legal services.
		13		Sold 86,000 of its common shares and 4,000 preferred shares for a total of $990,000.
Nov.		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. (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.)