Journalize the following transactions for July. $($Record debits first, then credits. Select the explanation on the last line of the journal entry table.$)$

July $1$: Issued common stock for $$18,000$

$\backslash$table$[[,$Journal Entry,,$],[$Date$,$Accounts and Explanations,Debit,Credit$],[$Jul$,$Cash,$18,000,],[,$Common Stock,,$18,000],[,,,$