Prepare the journal entry to record Zende Companys issuance of 75,000 shares of $5 par value common stock assuming the shares sell for:
1
Record the issuance of 75,000 shares of $5 par value common stock assuming the shares sell for $5 cash per share.
2
Record the issuance of 75,000 shares of $5 par value common stock assuming the shares sell for $6 cash per share.
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