Foster Stores is authorized to issue 16,000 shares of common stock. During a two-month period, Foster 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 June 23. (Record debits first, then credits. Exclude explanations from any journal entries.) Date June 23 Journal Entry Accounts Next, journalize the transaction on August 12. Date Aug 12 Debit Credit Journal Entry Accounts Debit Credit Data table June Aug 23 Issued 2,800 shares of $2.00 par common stock for cash of $12.50 per share. 12 Received inventory with a market value of $20,000 and equipment with market value of $43,000 for 3,100 shares of the $2.00 par common stock. Print Done Requirement 2. Prepare the stockholders' equity section of Foster's balance sheet for the transactions. The company's Retained Earnings account has a balance of $47,000. (Enter the accounts in the proper order for the stockholders' equity section of the balance sheet.) Balance Sheet (Partial) Stockholders' Equity: shares Total paid-in capital Total stockholders' equity par, shares