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Martinez Corporation issued 2,400 shares of its $10 par value common stock for $50,200. Martinez also incurred $1,700 of costs associated with issuing the stock.

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Martinez Corporation issued 2,400 shares of its $10 par value common stock for $50,200. Martinez also incurred $1,700 of costs associated with issuing the stock. Prepare Martinez's journal entry to record the issuance of the company's stock. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Account Titles and Explanation Debit Credit

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