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Brief Exercise 10-42 (Algorithmic) Calculating the Number of Shares Issued Castanet Inc. issued shares of its $5.80 par value common stock on November 9, 2019,

Brief Exercise 10-42 (Algorithmic) Calculating the Number of Shares Issued

Castanet Inc. issued shares of its $5.80 par value common stock on November 9, 2019, for $13.00 per share. In recording the issuance of the stock, Castanet credited the Additional Paid-In CapitalCommon Stock account for $410,400.

Required:

How many shares were issued on November 9, 2019?

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