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.) Account Debit Credit 0 0 0 0

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 joutnal entry to record the transaction. (if no entry is required, select "No debit" or "No credit" in the account fields.)