Question: Current Attempt in Progress On June 1, Blue Spruce Corp. issues 3,850 shares of no-par common stock at a cash price of $6 per share.
On June 1, Blue Spruce Corp. issues 3,850 shares of no-par common stock at a cash price of $6 per share. Journalize the issuance of the shares assuming the stock has a stated value of $2 per share. (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.)
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