Question: Brief Exercise 11-2 Your answer is partially correct. Try again. On May 10, Pillar Corporation issues 2,500 shares of $5 par value common stock for

Brief Exercise 11-2 Your answer is partially correct. Try again. On

Brief Exercise 11-2 Your answer is partially correct. Try again. On May 10, Pillar Corporation issues 2,500 shares of $5 par value common stock for cash at $13 per share ournalize the issuance of the stock. (Credit account titles are automatically indented when amount is entered. Do not indent manually, If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit May 10 [cash 32500 Paid-in Capital in Excess of Par Value-Common Stock 12500 Common Stock 20000

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