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 2 million preferred shares, $50 par per share.

Feb.		12		Sold 3 million common shares, for $9 per share.
		13		Issued 42,000 common shares to attorneys in exchange for legal services.
		13		Sold 73,000 of its common shares and 7,500 preferred shares for a total of $1,050,000.
Nov.		15		Issued 435,000 of its common shares in exchange for equipment for which the cash price was known to be $4,048,000.

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.)

Please show math, thanks!

Journal entry worksheet Sold 3 million common shares, for $9 per share. Note: Enter debits before credits. Date General Journal Debit Credit February 12 Record entry Clear entry View general journal Journal entry worksheet Sold 73,000 of its common shares and 7,500 preferred shares for a total of $1,050,000. Note: Enter debits before credits. Date General Journal Debit Credit February 13 Record entry Clear entry View general journal Journal entry worksheet