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Key Products, Inc. issues 3 , 5 0 0 shares of its no - par common stock. The issue price of the stock is $

Key Products, Inc. issues 3,500 shares of its no-par common stock. The issue price of the stock is $30 per share. Prepare the journal entry required to record the issuance of the shares. (Record
debits first, then credits. Exclude explanations from any journal entries.)
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