Brief Exercise 11-3 On June 1, Noonan Inc. issues 4,000 share of no-par common stock at a cash price of $6 per share Journalize the issuance of the shares assuming the stock has a stated value of $1 per share. (Credit account titles are automatically indented when amount is c indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation June 1 Debit Credit SHOW LST OF ACCOUNTS Brief Exercise 11-4 $10 par value common s tock is actively tra es 5,000 shares to purchase land advertised for sale at $85,000