no handwritings please

Issuance of Common St value common stock. in the company's initial public offering, 500,000 shares are sold to the inves- ing public at a price of $5 per share. One month following Smith&Sons' initial pablic offering ock Smith& Sons, Inc., is authorized to issue one million shares of S1 par 101 1,00 0 of its common shares were sold by one investor to another at a price of $10 per share. How should this transaction be recorded in the accounts of Smith& Sons? Why