dbits first, then credits. Exclude explanations from any journal entries Data Table Mar May 23 Issued 2,000 shares of $2.50 par common stock for cash of $13.00 per share. 12 Received inventory with a market value of $16,000 and equipment with market value of $38,000 for 3,300 shares of the $2.50 par common stock alia Print Done Equipment Army Navy Stores is authorized to issue 14,000 shares of common stock. During a two- month period, Army Navy 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 March 23. (Record debits first, then credits. Exclude explanations from any Journal entries.) Journal Entry Date Accounts Debit Credit Mar 23 Cash Common Stock Paid-in Capital in Excess of Par. Common Debit Credit Next, Journalize the transaction on May 12 Journal Entry Date Accounts May 12 Inventory Equipment Common Stock Pald-in Capital in Excess of Por- Common Choose from any list or enter any number in the input fields and then continue to the next question. Army Navy Stores is authorized to issue 14,000 shares of common stock. During a two-month period, Army Navy completed these stock transactions: (Click the icon to view the transactions.) Read the requirements May 12 Inventory Equipment Common Stock Pald-in Capital in Excess of Par - Common Requirement 2. Prepare the stockholders' equity section of Army Navy's balance sheet for the transactions. The company's Retained Earnings account has a balance of $51,000. (Enter the accounts in the proper order for the stockholders' equity section of the balance sheet.) par shares buthorized Balance Sheet (Partial) Stockholders' Equity Common stock shares Issued and outstanding Paid in capital in excess of par-common Total paid in capital Retained earnings Total stockholders' equity M Choose from any list or enter