Prepare the journal entry to record Zende Companys issuance of 75,000 shares of $5 par value common stock assuming the shares sell for:

1. $5 cash per share.
2. $6 cash per share.

• 1

  Record the issuance of 75,000 shares of $5 par value common stock assuming the shares sell for $5 cash per share.

• 2

  Record the issuance of 75,000 shares of $5 par value common stock assuming the shares sell for $6 cash per share.