Question: Please solve this problem: On May 10, Grouper Corp. issues 1, 600 shares of $7 par value common stock for cash at $15 per share.

Please solve this problem: On May 10, Grouper Corp. issues 1, 600 Please solve this problem:

On May 10, Grouper Corp. issues 1, 600 shares of $7 par value common stock for cash at $15 per share. Journalize 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.)

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