1. Please see attachments.
   

During its rst year of operations, Eastern Data Links Corporation entered into the following transactions relating to shareholders' equity. The articles of incorporation authorized the issue of 6 million common shares. $1 par per share, and 1 million preferred shares, $50 par per share. Feb. 12 Sold 2 million common shares, for $8 per share. 13 Issued 44,666 common shares to attorneys in exchange for legal services. 13 Sold ?1,666 of its common shares and 8,566 preferred shares for a total of $1,666,666. Nov. 15 Issued 445,666 of its common shares in exchange for equipment for which the cash price was known to be $4,688,666. Required: Prepare the appropriatejournai entries to record each transaction. (If no entry is required for a particular transaction. select "No journal entryI required" in the first account field. Enter your answers in whole dollars.) Journal entry worksheet Sold 2 million commun shares, fonts per share. Note: Enter debits before credits. Record entry Clear entry View general journal Journal entry worksheet 1 2 3 4 Issued 44,000 common shares to attorneys in exchange for legal services. Note: Enter debits before credits. Date General Journal Debit Credit February 13 Record entry Clear entry View general journalJournal entry worksheet 1 2 3 4 Sold 71,000 of its common shares and 8,500 preferred shares for a total of $1,060,000. Note: Enter debits before credits. Date General Journal Debit Credit February 13 Record entry Clear entry View general journalJournal entry worksheet A 1 2 3 4 Issued 445,000 of its common shares in exchange for equipment for which the cash price was known to be $4,088,000. Note: Enter debits before credits. Date General Journal Debit Credit November 15 Record entry Clear entry View general journal