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The Shoe Exchange issues 6,000 shares of its $1 par value common stock to provide funds for further expansion. The issue price is $18 per

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The Shoe Exchange issues 6,000 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.)

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