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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 9 million common shares, $1 par per share, and 3 million preferred shares, $50 par per share. Feb. 12 Sold 4 million common shares, for $9 per share. 13 Issued 37,888 common shares to attorneys in exchange for legal services. 13 Sold 78,ee0 of its common shares and 5,eee preferred shares for a total of $1,e25,e00. Nov. 15 Issued 410,eee of its conmon shares in exchange for equipment for which the cash price was known to be $3, 948, eee. Required: Prepare the appropriate journal entries to record each transaction. (If no entry is required for a particular tr epare the appropriate journal entries to record each transaction.(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.) View transaction list ournal entry worksheet Sold 4 million common shares, for $9 per share. Note: Enter debits before credits General Journal Debit February 12 Record entry Clear entry View general journal
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