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 2 million preferred shares, $50 par per share. Feb. 12 Sold 3 million common shares, for $8 per share. in February 13 Issued 41,000 common shares to attorneys in exchange for legal services. February 13 Sold 81,000 of its common shares and 4,500 preferred shares for a total of $900,000 Nov. 15 Issued 350,000 of its common shares in exchange for equipment for which the cash price was known to be $3,708,000.

Prepare the appropriate journal entry to record each of the following transactions:

Note: if no entry is required for a particular transactionm select no journal entry required. in the first account field. enter your answers whole dollars and not in million.