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TB Problem 18-155 (Algo) During the current year, JET Industries... During the current year, JET Industries issued 5.80 million of its $1 par common shares

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TB Problem 18-155 (Algo) During the current year, JET Industries... During the current year, JET Industries issued 5.80 million of its $1 par common shares to its underwriters for $25,800,000 less promotional and accounting services of $580,000 to effect the issue. Required: Prepare the journal entry to record the issuance of the shares. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars. Journal entry worksheet Record the issuance of the shares. Note: Enter debits before credits

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