Eastport Inc. was organized on June 5, Year 1. It was authorized to issue 360,000 shares of $11 par common stock and 60,000 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 23,000 shares of common stock for $16 per share 2. Issued 10,000 shares of the class A preferred stock for $30 per share. 3. Issued 46,000 shares of common stock for $19 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 Issued 23,000 shares of common stock for $16 per share. Note: Enter debits before credits. Event General Journal Debit Credit Record entry Clear entry View general journal