Your answer is partially correct On July 6, Clayton Corporation issued 3,000 shares of its $1.50 par common stock. The market price of the stock on that date was $ per share. Journalize the issuance of the stock. (Credit account titles are automatically indented when the amount is entered not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Date Account Titles and Explanation Debit Credit July 6 3000 Common Stock 3000 Paid-in Capital in Excess of Par Common Stock 54000 Assistance Used e Textbook and Media Your answer is partially correct. On July 6, Clayton Corporation issued 3,000 shares of its $1.50 par common stock. The market price of the stock on that date was $18 per share. Journalize the issuance of the stock. (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 for the amounts.) Date Account Titles and Explanation Debit Credit July 6 Cash 3000 Corunan Stock 3000 Paid-in Capital in Excess of Par Common Stock 54000 e Textbook and Media Assistance Used e Textbook