PLEASE HELP ME WITH THE BALANCE SHEET

Requirement 1. Record the transactions in the general journal. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Sep. 6: Issued 500 shares of common stock to the promoters who organized the corporation, receiving cash of $15,000. Accounts and Explanation Debit Date Credit Sep. 6 Sep. 12 Cash Common Stock-$1 Par Value Paid-In Capital in Excess of Par-Common Sep. 12: Issued 650 shares of preferred stock for cash of $21,000. Date Accounts and Explanation Sep. 14 Issued common stock for cash. Cash Preferred Stock-No Par Value Land Common Stock-$1 Par Value Paid-In Capital in Excess of Par-Common 15,000 Issued preferred stock for cash. Sep. 14: Issued 1,100 shares of common stock in exchange for land with a market value of $18,000. Date Accounts and Explanation Debit Issued common stock for land. Debit 21,000 18,000 500 14.500 Credit 21,000 Credit 1,100 16,900 Requirement 2. Prepare the stockholders' equity section of the KSAP - TV balance sheet at September 30, 2024, assuming KSAP-TV, Inc. had net income of $33,000 for the month. KSAP-TV, Inc. Balance Sheet (Partial) September 30, 2024 Stockholders' Equity Paid-In Capital: Preferred Stock-$5, No-Par Value; 100,000 shares authorized, 650 shares issued and outstanding Common Stock-$1 Par Value; 500,000 shares authorized, Paid-In Capital in Excess of Par-Common Total Paid-In Capital Retained Earnings Total Stockholders' Equity 21000 More info Sep. 6 Issued 500 shares of common stock to the promoters who organized the corporation, receiving cash of $15,000. Sep. 12 Issued 650 shares of preferred stock for cash of $21,000. Sep. 14 Issued 1,100 shares of common stock in exchange for land with a market value of $18,000. Assume KSAP - TV, Inc. had net income of $33,000 for the month. Requirements Print Done 1. Record the transactions in the general journal. 2. Prepare the stockholders' equity section of the KSAP - TV balance sheet at September 30, 2024, assuming KSAP-TV, Inc. had net income of $33,000 for the month. Print Done X - X