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On June 1, Pina colada inc. issues 3,150 shares of no-par common stock at a cash price of $6 per share. Journalize the issuance of

On June 1, Pina colada inc. issues 3,150 shares of no-par common stock at a cash price of $6 per share. Journalize the issuance of the shares assuming the stock has a stated value of $1 per share.

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