n June 1, Noonan Inc. issues 2,600 shares of no-par common stock at a cash price of $10 per share. Journalize the issuance of the shares assuming the stock has a stated value of $2 per share. (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 0 for the amounts.)

Date Account Titles and Explanation Debit Credit June 1