Record the issuance of 71,000 shares of $5 par value common stock assuming the shares sell for $5 cash per share.

Record the issuance of 71,000 shares of $5 par value common stock assuming the shares sell for $6 cash per share.

QS 11-2 (Algo) Issuance of common stock LO P1 Prepare the journal entry to record Zende Company's issuance of 71,000 shares of $5 par value common stock assuming the shares sell for: a. $5 cash per share. b. $6 cash per share. Journal entry worksheet Record the issuance of 71,000 shares of $5 par value common stock assuming the shares sell for $5 cash per share. Note: Enter debits before credits