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On June 1 , Kingbird Inc. issues 1,000 shares of no-par common stock at a cash price of $5 per share. Journalize the issuance of

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On June 1 , Kingbird Inc. issues 1,000 shares of no-par common stock at a cash price of $5 per share. Journalize the issuance of the shares. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Ust deblt entry before credit entry. If no entry is required, select "No Entry" for the account titles and enter Ofor the amounts.)

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