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On June 1, Concord Inc. issues 2,700 shares of no-par common stock at a cash price of $7 per share. Journalize the issuance of the

On June 1, Concord Inc. issues 2,700 shares of no-par common stock at a cash price of $7 per share.

Journalize the issuance of the shares assuming the stock has a stated value of $1 per share.

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