Art Bacon contributes

$10,000

to Bacon Industries, a corporation, in return for 5,000 shares of stock in the company with a

$2.00

par value. Prepare the journal entry to record the transaction. (If no entry is required, select "No debit" or "No credit" in the account fields.)\ \\\\table[[Account,Debit],[,

Art Bacon contributes $10,000 to Bacon Industries, a corporation, in return for 5,000 shares of stock in the company with a $2.00 par value. Prepare the journal entry to record the transaction. (If no entry is required, select "No debit" or "No credit" in the account fields.)