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The puters who own Joy Rafis Co wished to avoid the united personal liability of the partnership form of business, to rey incorporated and uns, Inc. The chanar from the state of Missepoor the corporation to save 180,000 shares of 53 par common stock in to first month Joy Rafts, Inc.completed the following transaction exicon to the transaction Read the requirements Requirement 1. Record the actions in the jumal (Record debits frutores Encuestions from any journal entries) Mar 6- led 200 shares of common stock to the promoter for assistance wice of the common stock. The promotional fee was $4.000 Der Organion Experte Journal Entry Date Accounts Debit Credit MA Mar 9, Issue 15,000 shares of common stock to Jua Jackson and 18,000 shares to Jule Joynum for cash equal to the stock's market value of $30 per here. The two women were partners in Joy Rafts.co Journal Entry Date Account Deb Credit Var Mar 26 Issund 1.100 shares of common stock for $10 cash per share Journal Entry Mar 26 issued 1.100 shares of common stock for $10 per share Journal Entry Date Accounts Mar 28 Debit Credit Requiremant 2. Prepare the stockholders' egaty chien et re Joy Rata, ne balance sheet at March 31, 2002. The ending wance of Retained Gaming 360,000. (Enter the accounts in the proper order to the stockholdery soutyedtion et the balance sheet Jay Rate, in Balance Sheet parti March 31, 2022 Stockholders' Equity shares Total paid in capital Tou loohoonegut - Requirements 1. Record the transactions in the journal. 2. Prepare the stockholders' equity section of the Joy Rafts, Inc., balance sheet at March 31. 2022. The ending balance of Retained Earnings is $60,000. re Print Done