Swifty Corporation issued $3,500$ of its common shares for $$55,300.$ The company also incurred $$1,680$ of costs associated with issuing

the shares.

Prepare a single combined journal entry to record the issuance of the company's shares. $($List debit entry before credit entry. Credit

account titles are automatically indented when the 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.$)$

Account Titles and Explanation

Debit

Credit

$53620$

eTextbook and Media

Solution

List of Accounts

Attempts: $2$ of $3$ used