Saved Help up Work Eastport Inc. was organized on June 5, Year 1. It was authorized to issue 500,000 shares of $11 par common stock and 55,000 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 17,000 shares of common stock for $16 per share. 2. Issued 11,000 shares of the class A preferred stock for $25 per share. 3. Issued 45,000 shares of common stock for $19 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 list Journal entry worksheet 1 2 3 Issued 17,000 shares of common stock for $16 per share. Note: Enter debits before credits Event General Journal Debit Credit