Browne & Company issued 200,000 shares of ($ 1) par value common stock at a price of

Question:

Browne \& Company issued 200,000 shares of $\$ 1$ par value common stock at a price of $\$ 5$ per share and issued 10,000 shares of no-par value common stock at a price of $\$ 10$ per share. Prepare the journal entry to record the issuance of the no-par value common stock. How does this entry differ from the entry to record the $\$ 1$ par value common stock?

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