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On June 1, Noonan Inc. issues 3,550 shares of no-par common stock at a cash price of $9 per share. Journalize the issuance of the

On June 1, Noonan Inc. issues 3,550 shares of no-par common stock at a cash price of $9 per share. Journalize the issuance of the shares assuming the stock has a stated value of $1 per share.

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