Bonita Corporation issued 2,400 shares of its $10 par value common stock for $60,600. Bonita also incurred $1,200 of costs associated with issuing the stock. Prepare Bonitas journal entry to record the issuance of the companys stock. (Credit account titles are automatically indented when 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 Debit Credit