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Citadel Stores is authorized to issue 10,000 shares of common stock. During a two-month period, Citadel 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.) Data table \begin{tabular}{lrl} \hline Mar & 23 & Issued 1,200 shares of $2.50 par common stock for cash of $12.00 per share. \\ May & 12 Received inventory with a market value of $12,000 and equipment with market \\ & value of $48,000 for 3,600 shares of the $2.50 par common stock. \\ \hline \end{tabular} vized to issue 10,000 shares of corrmon stock. During a two-month period, Cladel completed these stock trans iew the transactions.) 5. nalize the transactions. Requirements 1. Joumalize the transactions: 2. Prepare the stocktoider's' equity soction of Cladel's balance sheet for the transactions. Tho company's. Rotained Earnings account has a balance of $51,000