During the current year JET Industries issued 5.80 million of its $1 par common shares to its underwriters for $25,800,000 less promotional and accounting services of $580,000 to effect the issue. Required: Prepare the journal entry to record the issuance of the shares. (If no entry is required for a transaction/event, select "No Journal entry required" In the first account field. Enter your answers in whole dollars.) View transaction list Journal entry worksheet Record the issuance of the shares. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Record entry Clear entry View general journal