c. Issue 1,150,000 shares of \\( \\$ 1 \\) par value common stock for \\( \\$ 5 \\) per share. Required: Record the issuance of common stock for each option. (If no entry is required for a particular transaction/eve Journal Entry Required\" in the first account field.) Journal entry worksheet Issue 575,000 shares of \\( \\$ 1 \\) par value common stock for \\( \\$ 10 \\) per share. Note: Enter debits before credits. Exercise 10-4 (Algo) Record the issuance of common stock (LO10-2) Major Sports plans to raise \\( \\$ 5,750,000 \\) in an initial public offering of its common stock. The company is considering three options: a. issue 115,000 shares of \\( \\$ 1 \\) par value common stock for \\( \\$ 50 \\) per share. b. Issue 575,000 shores of \\( \\$ 1 \\) par value common stock for \\( \\$ 10 \\) per share. c. Issue 1,150,000 shares of \\( \\$ 1 \\) par value common stock for \\( \\$ 5 \\) per share. Required: Record the issuance of common stock for each option. (if no entry is required for a particular transaction/event, select \"No Journal Entry Required\" in the first account field.) Journal entry worksheet Issue 115,000 shares of \\( \\$ 1 \\) par value common stock for \\( \\$ \\$ 0 \\) per share. Wote- Inter debits before credits. Record the issuance of common stock for each option. (If no entry is requirea for a particular transi Journal Entry Required\" in the first account field.) Journal entry worksheet Issue \\( 1,150,000 \\) shares of \\( \\$ 1 \\) par value common stock for \\( \\$ 5 \\) per share. Note: Enter debits before credits