Binder Inc is authorized to sell 5,000,000 shares of $1par value common stock. On May 1, Binder issues 1,000 shares for $3/share. Prepare the journal entry to record the issuance. DR: CR: CR: [ Select ] [Select] [Select] [Select] [ Select] [Select]

Binder Inc is authorized to sell 5,000,000 shares of $1par value common stock. On May 1, Binder issues 1,000 shares for $3/share. Prepare the journal entry to record the issuance. DR: [Select] CR: [Select] [Select] [Select] CR: [Select] [Select] >