On June 1, Sage Hill Inc. issues 2,500 shares of no-par common stock at a cash...

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On June 1, Sage Hill Inc. issues 2,500 shares of no-par common stock at a cash price of $7 per share. Journalize the issuance of the shares. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation June 1 Debit Credit On June 1, Sage Hill Inc. issues 2,500 shares of no-par common stock at a cash price of $7 per share. Journalize the issuance of the shares. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation June 1 Debit Credit