Question

o The charter of Maple Leaf Corporation authorizes the issuance of 1,000 shares of preferred stock and 2,200 shares of common stock. During a two-month period, Maple Leaf completed these stock-issuance transactions: (Click the icon to view the transactions.) Read the requirements. Requirements - X 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 250 shares of $4 par value common stock for cash of $18 per share. Date Accounts and Explanation Debit Credit 1. Record the transactions in the general journal 2. Prepare the stockholders' equity section of the Maple Leaf balance sheet as of April 30, 2018, for the transactions given in this exercise. Retained Earnings has a balance of $71,000 at April 30, 2018 Mar. 23 Print Done Apr. 12: Received inventory with a market value of $23,000 and equipment with a market value of $14,000 for 360 shares of the $4 par value common stock. - X More Info Date Accounts and Explanation Debit Credit Apr. 12 Mar. 23 Issued 250 shares of $4 par value common stock for cash of $18 per share. Apr 12 Received inventory with a market value of $23,000 and equipment with a market value of $14,000 for 360 shares of the $4 par value common stock. 17 Issued 1,000 shares of 5%, $20 par value preferred stock for $20 per share. Print Done Apr. 17: Issued 1,000 shares of 5%, $20 par value preferred stock for $20 per share. Date Accounts and Explanation Debit Credit Apr. 17 Requirement 2. Prepare the stockholders' equity section of the Maple Leaf balance sheet as of April 30, 2018, for the transactions given in this exercise. Retained Earnings has a balance of $71,000 at April 30, 2018. Choose from any list or enter any number in the input fields and then continue to the next question ?