The partners who own Joy Rafts Inc. wished to avoid the unlimited personal liability of the partnership form of business, so they incorporated as Joy Rafts, Inc. The charter from the state of Texas authorizes the corporation to issue 170,000 shares of $6 par common stock. In its first month, Joy Rafts, Inc., completed the following transactions: Click the icon to the transactione A More Info - X Oct 6 Issued 500 shares of common stock to the promoter for assistance with issuance of the common stock. The promotional fee was $14,000. Debit Organization Expense. Issued 14,000 shares of common stock to Debbie Wells and 18,000 shares to Julie Joy in return for cash equal to the stock's market value of $30 per share. The two women were partners in Joy Rafts Co. 26 issued 700 shares of common stock for $24 cash per share. Print Done Oct 9. Issued 14,000 shares of common stock to Debbie Wells and 18,000 shares to Julie Joy in return for Choose from any list or enter any number in the input fields and then continue to the next question. ? > The partners who own Joy Rafts Inc. wished to avoid the unlimited personal liability of the partnership form of business, so they incorporated as Joy Rafts, Inc. The charter from the state of Texas authorizes the corporation to issue 170,000 shares of $6 par common stock. In its first month, Joy Rafts, Inc., completed the following transactions: Click the icon to view the transactions.) Read the requirements Requirement 1. Record the transactions in the journal (Record debits first, then credits. Exclude explanations from any journal entries.) Oct 6: Issued 500 shares of common stock to the promoter for assistance with issuance of the common stock. The promotional fee was $14,000. Debit Organization Expense. Journal Entry Date Accounts Debit Credit Oct 6 Oct 9: Issued 14,000 shares of common stock to Debbie Wells and 18,000 shares to Julie Joy in return for Choose from any list or enter any number in the input fields and then continue to the next question The partners who own Joy Rafts Inc. wished to avoid the unlimited personal liability of the partnership form of business, so they incorporated as Joy Rafts, Inc. The charter from the state of Texas authorizes the corporation to issue 170,000 shares of $6 par common stock. In its first month, Joy Rafts, Inc., completed the following transactions: (Click the icon to view the transactions.) Read the requirements Oct 9: Issued 14,000 shares of common stock to Debbie Wells and 18,000 shares to Julie Joy in return for cash equal to the stock's market value of $30 per share. The two women were partners in Joy Rafts, Co. Journal Entry Date Accounts Debit Credit Oct 9 Oct 26: Issued 700 shares of common stock for $24 cash per share Journal Entry Dat AARAL Credit Choose from any list or enter any number in the input Tields and then continue to the next question. ? The partners who own Joy Rafts Inc. wished to avoid the unlimited personal liability of the partnership form of business, so they incorporated as Joy Rafts, Inc. The charter from the state of Texas authorizes the corporation to issue 170,000 shares of $6 par common stock. In its first month, Joy Rafts, Inc., completed the following transactions: (Click the icon to view the transactions.) Read the requirements Oct 26: Issued 700 shares of common stock for $24 cash per share. Journal Entry Accounts Date Debit Credit Oct 26 Requirement 2. Prepare the stockholders' equity section of the Joy Rafts, Inc., balance sheet at October 31, 2019. The ending balance of Retained Earnings is $80,000. (Enter the accounts in the proper order for the stockholders' equity section of the balance sheet) 0 Joy Rafts, Inc. Ralance Sheoristian Choose from any list or enter any number in the input fields and then continue to the next question ? The partners who own Joy Rafts Inc. wished to avoid the unlimited personal liability of the partnership form of business, so they incorporated as Joy Rafts, Inc. The charter from the state of Texas authorizes the corporation to issue 170,000 shares of $6 par common stock. In its first month, Joy Rafts, Inc., completed the following transactions: (Click the icon to view the transactions.) Read the requirements Requirement 2. Prepare the stockholders' equity section of the Joy Rafts, Inc., balance sheet at October 31, 2019. The ending balance of Retained Earnings is $80,000. (Enter the accounts in the proper order for the stockholders' equity section of the balance sheet.) Joy Rafts, Inc. Balance Sheet (partial) October 31, 2019 Stockholders' Equity: par shares shares Total paid-in capital Choose from any list or enter any number in the input fields and then continue to the next question The partners who own Joy Rafts Inc. wished to avoid the unlimited personal liability of the partnership form of business, so they incorporated as Joy Rafts, Inc. The charter from the state of Texas authorizes the corporation to issue 170,000 shares of $6 par common stock. In its first month, Joy Rafts, Inc., completed the following transactions Click the icon to view the transactions.) Read the requirements Joy Rafts, Inc. Balance Sheet (partial) October 31, 2019 Stockholders' Equity: par shares shares Total paid-in capital o Total stockholders' equity Choose from any list or enter any number in the input fields and then continue to the next