The charter of Elleanor Corporation authorizes the issuance of 1,000 shares of preferred stock and 1,600 shares of common stock. During a two-month period, Elleanor Corporation completed these stock-issuance transactions: View the transactions. Read the requirements. Requirement 1. Record the transactions in the general journal. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Mar. 23: Issued 240 shares of $3 par value common stock for cash of $10 per share. Date Accounts and Explanation Debit Credit Mar. 23 Cash Common Stock-$3 Par Value Paid-In Capital in Excess of Par-Common Requirements 1. Record the transactions in the general journal. 2. Prepare the stockholders' equity section of the Elleanor Corporation balance sheet as of April 30, 2025, for the transactions given in this exercise. Retained Earnings has a balance of $80,000 at April 30, 2025. Transactions Print Done Mar. 23 Apr. 12 Issued 240 shares of $3 par value common stock for cash of $10 per share. Received inventory with a fair value of $34,000 and equipment with a fair value of $16,000 for 370 shares of the $3 par value common stock. Apr. 17 Issued 1,000 shares of 3%, $30 par value preferred stock for $30 per share. Print Done - X