The charter of Dogwood Corporation authorizes the lasuance of 800 shares of preferred stock and 2,500 shares of common stock During a two month period, Dogwood completed these stock sesuance transaction: (Click the icon to view the transaction) Read the requirements Requirement 1. Record the transactions in the general Jouma. (Record debit first, then credits Select the explanation on the last line of the many fable) Mar. 23: Issued 200 shares of $2 par value common stock for cash of $13 per share Date Accounts and Explanation Debit Credit Mar. 23 Mar. 23 Issued 260 shares of $2 par value common stock for cash of $13 per share. Received inventory with a market value of $26,000 and equipment with a market Apr. 12 value of $15,000 for 360 shares of the $2 par value common stock. Apr. 17 Issued 900 shares of 7%, $30 par value preferred stock for $30 per share. 1. Record the transactions in the general journal. 2. Prepare the stockholders' equity section of the Dogwood balance sheet as of April 30, 2018, for the transactions given in this exercise. Retained Earnings has a balance of $74,000 at April 30, 2018