The charter of Holly Corporation authorizes the issuance of 800 shares of preferred stock and 3,200 shares of common stock. During a two-month period, Holly completed these stock-issuance transactions: (Click the icon to 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 200 shares of $4 par value common stock for cash of $20 per share. Date Mar. 23 Accounts and Explanation Debit Credit Requirements 1. Record the transactions in the general journal. 2. Prepare the stockholders' equity section of the Holly balance sheet as of April 30, 2018, for the transactions given in this exercise. Retained Earnings has a balance of $70,000 at April 30, 2018. Print Done