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The charter for Zuma, Inc., authorizes the compary to issue 750,000 shares of $12, no-par preferred stock and 1,350,000 shares of common stock with $3 par value. During its start-up phase, Zuma, inc. completed the following transactions: 6. (Click on the icon to view the transactions) Read the requirements. Requirement 1. Record the transactions in the journal. (Record debits first, then credes. Exclude explanafions from any joumai antries) Apr 6: Issued 225 shares of common stock to the promoters who organiced the corporation, receiving cash of $7,650. Read the requirements. vestion 4 Apr 12: Issued 750 shares of preferred stock for cash of $23,000. tuestion 5 Question 6 Question 7 Apr 14: Issued 1500 shares of common stock in exchange for land y Question 8 Apr 14: Issued 1,300 shares of common stock in exchange for land with a market value of $26,000. Requirement 2. Prepare the stockholders' equity section of Zuma's balance sheet at Decomber 31, 2018. Assume the compary eamed nat income \$31,000 during this period. (Enter the acoounts in the proper order for the stockholders' equity section of the balance sheet) Requirement 2. Prepare the stockholders' equfy section of Zuma's balance sheet at December 31,2018 . Assume the company eamed net income of \$31,000 during this period. (Enter the sccounts in the proper order for the stockholders' oquity secton of the balance shoet) The charter for Zuma, inc., authorizes the company to issue 750,000 shares of $12, no-par preferred stock and 1,350,000 ahares of corr par value. During its start-up phase, Zuma, Inc. completed the following transactions: (3. (Click on the icon to view the transactions) More info 2018 Apr 6 issued 225 shares of common stock to the promoters who organized the corporation, receiving cash of $7,650. 12. issued 750 shares of preferred stock for cash of $23,000. 14 Issued 1,300 shares of common slock in oxchange for land with a market value of 520,000 The charter for Zuma, Inc., authorizes the company to issue 750,000 shares of $12, no-par preforred stock and 1,350,000 shares of ce par value. During its start-up phase, Zuma, Ine. complesed the following transactions: (Click on the icon to view the transactions) Read the requirements. Requirements 1. Record the transactions in the journal. 2. Prepare the siockholders' equity section of Zuma's balance sheet at December 31, 2018. Assume the company eamed net income of $31.000 during this period