ook rint erences During its first year of operations, Eastern Data Links Corporation entered into the following transactions relating to shareholders' equity. The articles of incorporation authorized the issue of 10 million common shares, $1 par per share, and 3 million preferred shares. $50 par per share. February 12 Sold 4 million common shares, for $9 per share. February 13 Issued 43,000 common shares to attorneys in exchange for legal services. February 13 Sold 70,000 of its common shares and 8,000 preferred shares for a total of $1,055,000. November 15 Issued 440,000 of its common shares in exchange for equipment for which the cash price was known to be $4,068,000. 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. View transaction list Journal entry worksheet Mc Issued 43,000 common shares to attorneys in exchange for legal services. Note: Enter debits before credits. Date February 13 General Journal Debit Credit Property, plant, and equipment Common stock Paid-in capital-excess of par common Record entry Clear entry View general journal During its first year of operations, Eastern Data Links Corporation entered into the following transactions relating to shareholders' equity. The articles of incorporation authorized the issue of 10 million common shares, $1 par per share, and 3 million preferred shares, $50 par per share. February 12 Sold 4 million common shares, for $9 per share. February 13 Issued 43,000 common shares to attorneys in exchange for legal services. February 13 Sold 70,000 of its common shares and 8,000 preferred shares for a total of $1,055,000. November 15 Issued 440,000 of its common shares in exchange for equipment for which the cash price was known to be $4,068,000. 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. View transaction list ces Journal entry worksheet 3 Sold 70,000 of its common shares and 8,000 preferred shares for a total of $1,055,000. Note: Enter debits before credits. Date General Journal February 13 Cash Common stock Paid-in capital-excess of par, common Preferred stock Paid-in capital-excess of par, preferred Record entry Clear entry Debit Credit View general journal ook During its first year of operations, Eastern Data Links Corporation entered into the following transactions relating to shareholders' equity. The articles of incorporation authorized the issue of 10 million common shares, $1 par per share, and 3 million preferred shares, $50 par per share. February 12 Sold 4 million common shares, for $9 per share. February 13 Issued 43,000 common shares to attorneys in exchange for legal services. February 13 Sold 70,000 of its common shares and 8,000 preferred shares for a total of $1,055,000. November 15 Issued 440,000 of its common shares in exchange for equipment for which the cash price was known to be $4,068,000. 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. rences View transaction list raw Journal entry worksheet Issued 440,000 of its common shares in exchange for equipment for which the cash price was known to be $4,068,000. Note: Enter debits before credits. Date General Journal November 15 Property plant and equipment Common stock Paid-in capital-excess of par, common Debit Credit Record entry Clear entry View general journal