Brief Exercise 11-3 On June 1, Marin Inc. issues 1,200 shares of no-par common s

Question

Brief Exercise 11-3

On June 1, Marin Inc. issues 1,200 shares of no-par common stock at a cash price of $5 per share.

Journalize the issuance of the shares. (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

June 1

Date

Account Titles and Explanation

Debit

Credit

June 1

enter an account title

enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount

Explanation / Answer

Date Account titles and Explanations Debit Credit 1-Jun Cash 6000 Common stock (1,200*5) 6,000

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