In a recent year, GAP. Inc.. owner of GAP, Banana Republic, and OLD Navy stores, issued 1
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In a recent year, GAP. Inc.. owner of GAP, Banana Republic, and OLD Navy stores, issued 1 3.000.000 shares of its $0.05 par value stock for $111,000,000 (these numbers are rounded). These additional shares were issued under an employee stock option plan. Prepare the journal entry required to record the stock issuance.
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