On June $1,$ Kingbird Inc. issues $3,200$ shares of no$-$par common stock at a cash price of $$6$ per share.

Journalize the issuance of the shares. $($Credit account titles are automatically indented when amount is entered. Do not indent manually. List

debit entry before credit entry. 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 $1$