Homework: HW #8 Ch. 10 Score: 1.56 of 3 pts 2 of 5 (5 complete) %E10-24A (similar to) Foster Stores is authorized to issue 12.000 shares of common stock. During a two-month period, Foster completed these stock transactions: (Click the icon to view the transactions.) Read the requirements i Data Table Requirement 1. Journalize the transactions Begin by journalize the transaction on February 23. (Record debits first, then credits. Exclude explanations Journal Entry Feb 23 Issued 2,000 shares of $2.50 par common stock for cash of 513.00 per share Date Accounts Debit Credit Mar 12 Received inventory with a market value of 519,000 and equipment with market Feb 26,000 value of $40.000 for 3,300 shares of the $2.50 par common stock Common Stock 5,000 Paid-in Capital in Excess of Par - Common 21,000 Print Done 23 Cash Next, journalize the transaction on March 12 Journal Entry Date Accounts Debit Credit Choose from any list or enter any number in the input fields and then click Check Answer All parts showing Clear All W E10-24A (similar to) Foster Stores is authorized to issue 12,000 shares of common stock. During a two-month period, Foster completed these stock transactions (Click the icon to view the transactions.) Read the requirements Journal Entry Date Accounts Debit Credit 12 Inventory 19,000 Equipment 40.000 Common Stock 8,250 Paid-in Capital in Excess of Par - Common 50,750 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 $40,00 sheet.) Mar Balance Sheet (Partial) Stockholders' Equity Common stock shares par shares Choose from any list or enter any number in the input fields and then click Check Answer All parts showing Clear All Score: 1.56 of 3 pts 2 of 5 (5 complete) HW Score: 88 83%, 13.32 0 W E10-24A (similar to) Question Help Foster Stores is authorized to issue 12.000 shares of common stock During a two-month period, Foster completed these stock transactions (Click the icon to view the transactions) Read the requirements Paid-in Capital in Excess of Par-Common 50,750 Requirement 2. Prepare the stockholders' equity section of Foster's balance sheet for the transactions. The company's Retained Eamings account has a balance of $40,000 (Enter the accounts in the proper order for the stockholders' equity section of the balance sheet) Balance Sheet (Partial) Stockholders' Equity Common stock par shares shares Total paid in capital Total stockholders' equity Choose from any list or enter any number in the input fields and then click Check Answer Check Answer Clear All All parts showing