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On June 1, Pronghorn Inc. issues 3,200 shares of no-par common stock at a cash...

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Accounting

On June 1, Pronghorn Inc. issues 3,200 shares of no-par common stock at a cash price of $8 per share.
Journalize the issuance of the shares assuming the stock has a stated value of $2 per share. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Date Account Titles and Explanation
Debit
Credit
June 1
image

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