Requirement 1. Journalize the transactions. Begin by journalize the transaction on August 23. (Record debits first, then credits. Exclude explanations from any journal entries.) Date Aug 23 (1) (2) |(3) (4) Journal Entry Accounts Next, journalize the transaction on October 12. Date Oct 12 (5) Debit Credit Journal Entry Accounts Debit Credit (6) (7) (8) Requirement 2. Prepare the stockholders' equity section of Foster's balance sheet for the transactions. The company's Retained Earnings account has a balance of $49,000. (Enter the accounts in the proper order for the stockholders' equity section of the balance sheet.) Balance Sheet (Partial) Stockholders' Equity: (9) (12) par, shares (10) shares (11) Total paid-in capital (13) Total stockholders' equity 1: Data Table Aug Oct 23 Issued 3,000 shares of $3.00 par common stock for cash of $12.00 per share. 12 Received inventory with a market value of $14,000 and equipment with market value of $43,000 for 3,900 shares of the $3.00 par common stock.