Eastport Inc. was organized on June 5, Year 1. It was authorized to issue 320,000 shares of $10 par common stock and 70,000 shares of 4 percent cumulative class A preferred stock. The class A stock had a stated value of $25 per share. The following stock transactions pertain to Eastport Inc.: 1. Issued 21,000 shares of common stock for $15 per share. 2. Issued 8,000 shares of the class A preferred stock for $30 per share. 3. Issued 56,000 shares of common stock for $18 per share. Required a. Prepare general journal entries for these transactions. (If no entry is required for a transaction/event. select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 2 3 Issued 21,000 shares of common stock for $15 per share. Note: Enter debits before credits. General Journal Debit Credit Event 1 Record entry View general journal Clear entry View transaction list Journal entry worksheet