Eastport Inc. was organized on June 5, Year 1. It was authorized to issue 470,000 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 23,000 shares of common stock for $15 per share. 2. Issued 10,000 shares of the class A preferred stock for $30 per share. 3. Issued 53,000 shares of common stock for $10 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 that Journal entry worksheet Issued 10,000 shares of the class A preferred stock for $30 per share. Note: Enter debits before credits Event General Journal Debit Credit 2 Record entry Clear entry View general Journal View transaction list Journal entry worksheet 2 3 Issued 53,000 shares of common stock for $18 per share. Note: Enter debits before credits Event General Journal Debit Credit 3 Record entry Clear entry View general Journal