Save HW Score: 0%, 0 of 30 pts Homework: Chapter 13 - GRADED Problems Score: 0 of 5 pts E13-24 (similar to) 1 of 4 (0 complete) The charter of Red Maple Corporation authorizes the issuance of 800 shares of preferred stock and 2.200 shares of common stock. During a two-month period, Red Maple completed these stock issuance transactions Click the icon to view the transactions.) Read the requiniments Requirement 1. Record the transactions in the general joumal. (Recent debits first, then credits. Select the explanation on the tast line of the journal entry table.) Mar 23 Issued 270 shares of $4 per valve common stock for cash of $18 per share. Requirements Date Accounts and Explanation Debit Credi Mar. 23 Cash Common Stock-14 Par Value Equipment Inventory Paid-in Capital in Excess of Par-Common Paid-in Capital in Excess of Par-Preferred Mor Preferred Stock-$20 Par V Retained Earnings Treasury Stock-Common Mar, 23 sued 270 shares of 54 par value common stock for cash of $15 per share. Received inventory with a market value of $24,000 and equipment with a market Apr. 12 value of $15,000 for 300 shares of the $4 par value common stock Apr. 17 Issued 800 shares of 5% $20 per value preferred stock for $20 per share Pri Done Choose hom any list or enter any number in the input fields and then click Chock Answer parts Pemaining 1. Recond the transactions in the general joumal 2. Prepare the stockholders' equity section of the Red Mapie balance sheet an of April 30, 2018, for the transactions given in this exercise. Retained Eamings has a balance of $77,000 at April 30, 2018 Print Done Question Help Clear All Chack Answer