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Clemons is a consulting company. It prepares monthly financial statements. The following are a sample of the transactions that occurred during May, June and July.

Clemons is a consulting company. It prepares monthly financial statements. The following are a sample of the transactions that occurred during May, June and July.

    1. May 1. Issued additional shares of stock for $40,000 cash

( PLEASE COMPLETE IN A, L, E FORMAT ASWELL AS THE DEBIT=EXPENSE AND CREDIT= CASH MENTION WITH AN EXPLINATION EXPLAINING THE REASONING)

A:

L:

E :

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