Question: What's the answer to this question? The Shoe Exchange issues 5.000 shares of its $1 par value common stock to provide funds for further expansion.

What's the answer to this question?

The Shoe Exchange issues 5.000 shares of its $1 par value common stock to provide funds for further expansion. The issue price is $19 per share Required: Record this transaction. Note: If no entry is required for a particular transaction or event, select "No Journal Entry Required" in the first account field View transaction list Journal entry worksheet Record this transaction. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry clear View general journal

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