The Shoe Exchange issues 5,000 shares of its $1 par value common stock to provide funds for further expansion. The issue price is $12 per share. What is the entry to record the issuance of the stock? (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Record the issuance of the stock. Transaction General Journal Debit Credit 1

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A: Answer:

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Q: Q. question 2

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A:

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