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Elk Co. issues 1,000 shares of $5 par common stock for $30,000. The firm used Pilots Underwriting Service to prepare the shares for issuance. Pilot

Elk Co. issues 1,000 shares of $5 par common stock for $30,000. The firm used Pilots Underwriting Service to prepare the shares for issuance. Pilot charged $4,000 for their services. The journal entry to record the issuance of the stock is

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