Eastport Inc. was organized on June 5. Year 1. It was authorized to issue 460,000 shares of $10 par common stock and 50,000 shares of 4 percent cumulative class A preferred stock. The class A stock had a stated value of $20 per share. The following stock transactions pertain to Eastport Inc. 1. Issued 21,000 shares of common stock for $15 per share. 2. Issued 5,000 shares of the class A preferred stock for $25 per share. 3. Issued 42,000 shares of common stock for $18 per share. Required 1. 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 ist View journal entry worksheet No Event General Journal Credit Debit 315.000 1 Cash Common stock 210.000 No Event General Journal Debit Credit 1 315,000 1 Cash Common stock Paid-in capital in excess of par, CS 210,000 105,000 2 2 125,000 Cash Preferred stock Paid-in capital in excess of SV, PS 104,167 20,833 3 3 Cash 758,000 Common stock Paid-in capital in excess of par, CS equity section of the balance sheet immediately after these transactions Stockholders' equity Total stockholders equity S 0