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February 12 Sold 2 million common shares, for $9 per share. February 13 Issued 40,000 common shares to attorneys in exchange for legal services.
February 12 Sold 2 million common shares, for $9 per share. February 13 Issued 40,000 common shares to attorneys in exchange for legal services. February 13 Sold 80,000 of its common shares and 4,000 preferred shares for a total of $945,000. November 15 Issued 380,000 of its common shares in exchange for equipment for which the cash price was known to be $3,688,000. Required: Prepare the appropriate journal entries to record each transaction. Note: If no entry is required for a particular transaction, select "No journal entry required" in the first account field. Enter your answers in whole dollars and not in millions.
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