Oct 26: Issued 1,400 shares of common stock for $15 cash per share

issue 125,000 shares of $3 par common stock. In its first month. Picanso Rafts, Inc., completed the following transactions: (Click the icon to view the transactions.) Oct 26: Issued 1,400 shares of common stock for $15 cash per share. equity section of the balance sheet.) Requirements 1. Record the transactions in the journal. 2. Prepare the stockholders' equity section of the Picanso Rafts, Inc., balance sheet at October 31, 2022. The ending balance of Retained Earnings is $70,000. More info