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Gibson Corpcration issued 7,500 shares of 55 stated value common stock for $12 per share on July 7. Record the stock issuance. (Record debits first, then credits. Select the explanation on t the last line of the jounal entry table.) Date Accounts and Explanation Debit Credit Jul. 7 Gibson Corpcration issued 7,500 shares of 55 stated value common stock for $12 per share on July 7. Record the stock issuance. (Record debits first, then credits. Select the explanation on t the last line of the jounal entry table.) Date Accounts and Explanation Debit Credit Jul. 7