On June $1,$ Pronghorn Inc. issues $3,200$ shares of no$-$par common stock at a cash price of $$8$ per share.

Journalize the issuance of the shares assuming the stock has a stated value of $$2$ per share. $($List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.$)$

Date Account Titles and Explanation

Debit

Credit

June $1$