Issuance of Stock

Scarecrow Inc. issues 60,000 shares of $3 par value common stock. The shares are sold for $26 per share.

Prepare the journal entry to record the issuance of the stock. If an amount box does not require an entry, leave it blank.

	Cash	fill in the blank 2	fill in the blank 3
	Common Stock, $3 par	fill in the blank 5	fill in the blank 6
	Additional Paid-in Capital on Common Stock	fill in the blank 8	fill in the blank 9