E Homework: Chapter 13 Homework Question 3, E13-24 (boo... Part 2 of 4 HW Score: 70.78%, 14.16 of 20 points Points: 0.85 of 4 Save The charter of Evergreen Corporation authorizes the issuance of 900 shares of preferred stock Previous question mon stock. During a two-month period, Evergreen completed these stock-issuance transactions: (Click the icon to view the transactions.) ) Read the requirements. 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 230 shares of $3 per value common stock for cash of $15 per share. 3 Date Accounts and Explanation Debit Credit Mar. 23 Cash 3,450 Common Stock-$3 Par Value 690 Paid-In Capital in Excess of Par-Common 2,760 Issued common stock for cash. 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 par value common stock. Date Accounts and Explanation Debit Credit Apr. 12 Requirements - X 1. Record the transactions in the general Journal. 2. Prepare the stockholders' equity section of the Evergreen balance sheet as of April 30, 2018, for the transactions given in this exercise. Retained Earnings has a balance of $73,000 at April 30, 2018. Print Done Help me solve this Demodocs example Get more help Clear all Check