The charter of Evergreen Corporation authorizes the issuance of 900 shares of preferred stock and 1,400 shares

Question:

The charter of Evergreen authorizes the issuance of 900 shares of preferred stock and 1,400 shares of common stock. During a two-month period, Evergreen completed these stock-issuance transactions:
Mar. 23 Issued 230 shares of $3 for cash of $15 per share.
Apr. 12 Received inventory with a market value of $27,000 and equipment with a market value of $19,000 for 320 shares of the $3 common stock.
17 Issued 900 shares of 5%, $20 preferred stock for $20 per share.
Requirements
1. Record the transactions in the general journal.
2. Prepare the stockholders' equity section of the Evergreen as of April 30, 2018, for the transactions given in this exercise. Retained Earnings has a balance of $73,000 at April 30, 2018.
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