Requirement 2 please

Military Stores is authorized to issue 16,000 shares of common stock. During a two-month period, Military completed these stock transactions: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Journalize the transactions. Begin by joumalize the transaction on April 23. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Date Accounts Debit Credit Apr 23 Cash 46,500 Common Stock 15,000 Paid-in Capital in Excess of Par - Common 31,500 Next, journalize the transaction on June 12. Date Credit Debit 14,000 June Journal Entry Accounts 12 Inventory Equipment Common Stock Paid-in Capital in Excess of Par - Common 47.000 17,000 44,000 Requirement 2. Prepare the stockholders' equity section of Military's balance sheet for the transactions. The company's Retained Earnings account has a balance of $40,000. (Enter the accounts in the proper order for the stockholders' equity section of the balance sheet) Balance Sheet (Partial) Stockholders' Equity: Common stock. $ 32000 par, shares shares Total paid-in capital Total stockholders' equity