Data table

$\backslash$table$[[$May$,23,$Issued $1,500$ shares of $$3\mathrm{.}00$ par common stock for cash of $$16\mathrm{.}50$ per share.$],[$July$,12,$Received inventory with a market value of $$13\mathrm{.}000$ and equipment with market$],[,,$value of $$45,000$ for $3,100$ shares of the $$3,00$ par common stock.$]]$

Zone Stores is authorized to issue $13,000$ 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 May $23.($Record debits first, then credits. Exclude explanations from any journal entries.$)$

Journal Entry

$3$