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During its first year of operations, Eastern Data Links Corporation entered into the following transactions...

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Accounting

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 6 million common shares, $1 par per share, and 2 million preferred shares, $50 par per share.
February 12 Sold 3 million common shares, for $10 per share.
February 13 Issued 39,000 common shares to attorneys in exchange for legal services.
February 13 sold 72,000 of its common shares and 6,000 preferred shares for a total of $1,035,000. $3,988,000.
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.
Journal entry worksheet
1
2
3
4
Sold 3 million common shares, for $10 per share.
Note: Enter debits before credits.
\table[[Date,General Journal,,Debit,],[February 12,,,,],[,,,,],[,,,,]]
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