Carmel Inc issues $800$ common shares to Jolt Corporation to pay for rent for the month of November. The lease agreement states that rent is $$3,000$ per month. The shares are currently trading at $$4$ per share.

Required:

Prepare the journal entry to record rent expense. $($If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.$)$