The Shoe Exchange issues $4,000$ shares of its $$1$ par value common stock to provide funds for further expansion. The issue price is $$18$ per share.

Required:

Record this transaction. $($If no entry is required for a particular transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field.$)$

Journal entry worksheet

$1$

Record this transaction.

Note: Enter debits before credits.

$\backslash$table$[[$Transaction$,$General Joumal,Debit,Credit$],[1,,,],[,,,],[,,,],[,,,],[,,,],[,,,]]$