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 million common shares, $ par per share, and million preferred shares, $ par per share.
February Sold million common shares, for $ per share.
February Issued common shares to attorneys in exchange for legal services.
February sold of its common shares and preferred shares for a total of $ $
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
Sold million common shares, for $ per share.
Note: Enter debits before credits.
tableDateGeneral Journal,,Debit,February
