Requirement 1. Record the transactions in the journal. (Record debits first, then credits. Exclude explanations from any journal entries.) Requirements 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. 1. Record the transactions in the journal. 2. Prepare the stockholders' equity section of the Joy Rafts, Inc., balance sheet at August 31 , 2022. The ending balance of Retained Earnings is $80,000. More info 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. 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 return for cash equal to the stock's market value of $18 per share. The two women were parthers in Joy Rafts Co. Aug 26: Issued 1,200 shares of common stock for $22 cash per share. Aug 9 two women were partners in Joy Rafts Co. Aug 26 Issued 1,200 shares of common stock for $22 cash per share