The shoe exchange issues 5000 shares of its 1 par value


The Shoe Exchange issues 5,000 shares of its $1 par value common stock to provide funds for further expansion. The issue price is $10 per share.

What is the entry to record the issuance of the stock?

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Financial Accounting: The shoe exchange issues 5000 shares of its 1 par value
Reference No:- TGS01105614

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