Colonel Stores is authorized to issue 11,000 shares of common stock. During a two-month period, Colonel completed these stock transactions: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Journalize the transactions. Begin by journalize the transaction on April 23. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Accounts Date Debit Credit Apr 23 Data Table Apr June 23 Issued 2,600 shares of $1.00 par common stock for cash of $17.00 per share. 12 Received inventory with a market value of $13,000 and equipment with market value of $47,000 for 3,900 shares of the $1.00 par common stock. Print Done i Requirements 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 $49,000. Print Done