Zone Stores is authorized to issue 16,000 shares of common stock. During a two-month period, Zone completed these stock transactions: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Journalize the transactions. Begin by journalize the transaction on March 23. (Record debits first, then credits. Exclude explanations from any journal entries.) Date Mar 23 Journal Entry Accounts Debit Credit en to view t ments. Requirements Journalize ze the trans 1. Journalize the transactions. 2. Prepare the stockholders' equity section of Zone's balance sheet for the transactions. The company's Retained Earnings account has a balance of $44,000. Data table - Mar May 23 Issued 1,200 shares of $6.00 par common stock for cash of $17.50 per share. 12 Received inventory with a market value of $14,000 and equipment with market value of $38,000 for 2,900 shares of the $6.00 par common stock. Print Done