0 Requirements urnal entries.) 1. Journalize the transactions. 2. Prepare the stockholders' equity section of Colonel's balance sheet for the transactions. The company's Retained Earnings account has a balance of $50,000 Print Done 0 Data Table Mar May 23 Issued 3,000 shares of $4.00 par common stock for cash of $15.00 per share. 12 Received inventory with a market value of $14,000 and equipment with market value of $42,000 for 3,300 shares of the $4.00 par common stock. Print Done Colonel Stores is authorized to issue 12,000 shares of common stock. During a two-month period, Colonel completed these stock transacti (Click the icon to view the transactions.) Read the requirements Requirement 1. Journalize the transactions Begin by joumalize the transaction on March 23. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Date Debit Credit Accounts Mar 23 0 Data Table 23 1 Mar May 12 V