On May $10,$ Flounder Corp. issues $1,500$ shares of $$4$ par value common stock for cash at $$15$ per share.

Journalize the issuance of the stock. $($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 $0$ for the amounts.$)$

Date Account Titles and Explanation

Debit

Credit

May $10$