Read the requirements. More info Aug6 Aug 9 Requirement 1. Record the transactions in the journal. (Record debits first, then credits. Exclude explanations from any joumal entries.) Aug 6: Issued 100 shares of common stock to the promoter for assistance with issuance of the common stock. The promotional fee was $2,600. Debit Organization Expense. Issued 100 shares of common stock to the promoter for assistance with issuance of the common stock. The promotional fee was $2,600. Debit Organization Expense. Issued 15,000 shares of common stock to Jenny Collins and 19,000 shares to Julie Joy in retum for cash equal to the stock's market value of $18 per share. The two women were partners in Joy Rafts Co. Aug 26 Issued 1,200 shares of common stock for $22 cash per share. Requirements 1. Record the transactions in the journal. 2. Prepare the stockholders' equity section of the Joy Rafts, Inc., balance sheet at August 31 , Aug 26: Issued 1,200 shares of common stock for $22 cash per share. 2022. The ending balance of Retained Earnings is $80,000