Blossom Corporation issued $1,600$ shares of its $$10$ par value common stock for $$65,700.$ Blossom also incurred $$1,300$ of costs

associated with issuing the stock.

Prepare Blossom's journal entry to record the issuance of the company's stock. $($List all debit entries before credit entries. Credit account

titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account

titles and enter $0$ for the amounts.$)$

Account Titles and Explanation

Common Stock

Paid$-$in Capital in Excess of Par $-$ Common Stock

Debit