thorized to issue 10,000 shares of common stock. During a two-month period, Honcho completed these stock transactions: o view th nts. 1 Data Table X rnalize he trans Aug Oct 23 Issued 2,500 shares of $4.00 par common stock for cash of $14.50 per share. 12 Received inventory with a market value of $13,000 and equipment with market value of $48,000 for 3,600 shares of the $4.00 par common stock. Print Done i Requirements X ransaction on Oc 1. Journalize the transactions. 2. Prepare the stockholders' equity section of Honcho's balance sheet for the transactions. The company's Retained Earnings account has a balance of $45,000 Print Done t or enter any number in the input fields and then continue to the next question. Honcho Stores is authorized to issue 10,000 shares of common stock. During a two-month period, Honcho completed these stock transactions: E: (Click the icon to view the transactions.) Read the requirements Requirement 1. Journalize the transactions. Begin by journalize the transaction on August 23. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Accounts Date Debit Credit Aug 23 Next, journalize the transaction on October 12. Journal Entry Accounts Date Debit Credit Oct 12 Requirement 2. Prepare the stockholders' equity section of Honcho's balance sheet for the transactions. The company's Retained Earnings account has a balance of $45,000. (Enter the accounts in the proper order for the stockholders' equity section of the balance sheet) Balance Sheet (Partial) Stockholders' Equity: $ par, shares shares Total paid-in capital Total stockholders' equity Choose from any list or enter any number in the input fields and then continue to the next